RE: Bots on Steemit
I'm afraid I do not see a bright future, as an investment opportunity it seems a very poor choice. Ask anybody with a little knowledge of finance to invest in something whose sole source of income is the investors and they will scream 'Ponzi' and run out the door.
As a platform for content sharing it shares the same 'wisdom of the crowds', 'what's popular must be best' thinking that is not actually true. Somewhere in the site docs (such as they are) it states 'users are rewarded for voting correctly' what that means is you get paid for voting for popular content not for content you actually feel is quality. This sets up a positive feedback loop that ensures that a few creators will always get votes because they are good earners and everybody else gets left out.
Where would democracy be if we got a financial reward for voting the winning party?
`When the community becomes larger this won't be the case, I believe there isn't enough patience from users. It's not a quick cash fix, and a lot of people seem to think it is.
The problem s1ennaaa is that, surprising as it may seem, the vast majority of people here are acting out of self interest and as the community grows this will not reduce but become much, much worse. I agree that this place is not a quick cash fix, it's impossible for everyone to make money, there is no income apart from investment in steem power and a huge amount of income is soaked up in 'running costs' so what's left over is all that's available for rewards. Put very simply, the average amount paid in by users must vastly exceed the average rewards paid out. So, for a few people to make a lot of money a lot of people have to lose money. This hardly seems like an equitable social contract to me but it's what you get when you allow people to buy voting power.