RE: 3 reasons steemit won't make it out of this decade...
You lost me at
What's the use case for the US dollar? The world's most accepted payment method backed by a relatively trusted government with relatively sensible monetary policy.
well, you did say "relatively"...
Do you know about the Pareto distribution rule? it goes something like this: there will always be ultra-powerful people on the top of every system, because something like 10 percent of any population are responsible for 90% of the work. It might be closer to 20-80, but that is the gist of it.
Steem is a currency just like bitcoin, except we do a whole more transactions per second on this blockchain. Instead of wasting electricity and hardware to mine, we write stuff and encourage others to write stuff. I highly, highly doubt that Steem will die before most of the other coins.... you are saying 2.5 years basically? Who knows.
@thomasaquinasftw - hahah!! That had me in stitches!! I actually deliberated for awhile about putting "relatively" in there TWICE!! but obviously I caved into the prudent option, haha
Yeah, the title was a bit clickbaitish, but my main concern is to make the platform into a great environment to produce, consume, share and critisize content. Although I understand your application of the Pareto principle I don't see that the it has to necessarily get in the way of that goal!
Yea, thats true. But sadly he has some great views. If you check the "New" section, there is a lot of spam, because it doesn't need to invest/have a good hardware to participate in pools and gather "money", and yea, mostly the valuable content go to the top, but it can be more weak because of this spams than other coins (yes, I know, value of coins doesn't based on spam just the popularity and other pros of crypto). Probably steemit could implement a better system to make the whole thing better, probably ID identifying system.
The real precursors to steemit success are the investments that people have made into education - writing skills and creativity are the only hardware needed here. Smart people intelligently scan the NEW section looking for curatable content.