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RE: What is wrong with Steemit rewards system?
Is this really a problem if the STEEM asset has almost unlimited upside potential? Your average post reward of 10 STEEM is going to be worth $400 in a few years. Minnows are making $1000s of dollars per day and don't even realize it yet.
I absolutely agree with you on upside potential. At the same time to point out potential problems and have a discussion is healthy. There is always room for improvement. I just hope issues like this don't discourage average authors from putting in hard work for quality content. In a long run quality content will play a role in upside of Steem as a whole.
Indeed, you make some good points, but we also need to signal to new users that they are taking part in bootstrapping an experimental social media platform and monetary policy on to a new powerful blockchain infrastructure. Payouts are not guaranteed. Hell, STEEM could be back at 10 cents in a few weeks. No one knows. This is still the wild west.
Yes you are absolutely right!
Minnows are making thousands of dollars daily
I was about to right on this topic !!
@robert-call thinking like a real BOOMER!