Why Steemit will fail or maybe even only planned for a short duration.

Monetary reward

The basic idea of ​​Steemit is good and commendable. However, I think that they can not reach without advertising the concept of reward. Because if they ever print new money to distribute it, the value of that currency will naturally decline. The expected value of a distributed three values ​​system is a nice Naive fallacy. It is of course easy to say that the Steem dollar remains aligned with the US dollar, however, the loss in value is then in the Steems. What does this man sometime endless reviews need to generate a Steem cent.

Good context and method of reward

Written Someone really good articles and this will operate more or less professionally build rather own homepage or platforms look like Blogger, on which he can integrate over as Google AdSense, advertisements effortlessly with the permanently bring him revenue. In Steemit the revenue stream will be disabled after the first disbursement. Subsequent readers who use search engines, to reach a sunken at Steemit in depth articles and rate him positively bring the author no revenue. However, in reality it is often so that much later on social networks like Facebook achieved a product by spreading its highest click-through rate or seasonal blooms. So why someone should be making the effort to write a Lavish products and to store it on a platform prepared questions which no longer pays him after a short time for it, if there is another way.

Videos

The video is similar. Each shot a video does not have the ability to load at Steemit this straight up. It must be uploaded on a platform like Youtube and then linked. Firstly, this is of course good for the producer, because he is possibly even paid at Steemit and a second time on the advertising revenue of Youtube. The downside, of course, that every other of this video link can and can thus generate revenue without having to copy it. A small community of whales with much Steempower can Duch mutual aid high cost and the producer gets nothing. In this way Steemit regarding video is likely more likely to develop a collection of links.

Annonyme publication and Copyright

As you can log on Steemit also Anonymous, it will certainly give some "authors" that the trouble of wishing to save writing, and good product simply copy and post it here. Payment can then be exchanged through online exchanges Anonymous in Bitcoins. This may be tempting for many and for Steemit it will not last forever and the first lawsuits flutter, for infringement of copyrights in the house. Especially newspapers are read their articles only on subscriptions can not be pleased.

Longevity

Steemit is currently growing very rapidly. The amount of the rewards for the individual contributions fall. This arises in my view, by the amount of the contributions but in relation only a few consumers who have adequate Steem-power to reward some good posts well. Who in the early days registered here, got another 100 or more Steem power to rate posts. Now get a new member of the community nor 3 Steem. A post I wrote yesterday, had after 2 minutes 30 votes without a Steem-cent pay. The times in which a post with 100 votes generated already 1000 Steem dollars are gone. The interest will decrease considerably, mainly because the pay brings no permanent income.

The enterprise

I have searched a little the company data the company Steem. However, I've found a few photos with the names of the founders. A clue to the seat of the company so far I could not find. The construction of the homepage is very simple. Even the search engine on the page is constructed with a very simple embed the Google search engine. The developers have already flowing about 80,000,000 Steem into his own pocket before publication. This tempts some to believe that they now sell to Steemer wishing your Steem-power thus increase to eventually get the promised interest or want upvoten own products their own or in a group. The limitation of the actual payout could suggest a that this is intended to get more time for selling of own Stemm.

Closing Remarks

What ultimately made Steemit is, we will probably know more in a few months or years. Whether you should invest now in Steemit, everyone must decide for themselves. I wrote a few thoughts here. Villeicht developers also wait a bit before deciding which way develops the platform and build then supportive further. What do you think? Please write your opinion and thoughts in the comments.