You are viewing a single comment's thread from:
RE: The distribution-monetary rewards tradeoff and a proposal to accelerate the disruption of incumbent social networks
Nice post. It comes down to being a matter of what the goal is. If the goal is to grow as quickly as possible as fast as possible (as is the case with most startups), this approach makes a lot of sense imo. As many have highlighted in the comments though, that might not be the goal and there are strong arguments for not tweaking and letting this happen organically with existing incentive structure.
I do not think that the goal of the creators of this distributed blockchain platform was to grow with a specific pace in mind. But I will write about that at a later point from what conclusions I have come to from my research. Steemit has the potential to provide mass-adoption to the crypto world while solving many problems that are industry-intrinsic. Do not forget in case you don't know that Dan was not only one of the first people to interact with Satoshi but he also has a history with what Buterin has created via Ethereum - which is now being adopted with billions of dollars from pretty much EVERY bank on the planet in light of the disruption phase they are all in.
Not speaking of all kinds of other segments that are being disrupted. Nobody knows yet who will be the winners after it's all said and done. The people or those that gave us FIAT. Read the previous sentence a few times if you like ;-)