I decided to look up and investigate who the two downvoters were thinking it might be some crazed Eth shill like Minecache...nope, two bimbos. I have a feeling they downvoted solely because it was content on the front page they weren't interested in and wanted it replaced by mindless things like pictures of rainbows, cats, American Idol, etc.
Or maybe because you made a thread attacking bimbos?
The incentive structure is all about appealing to the delusion with the content that is written. There is no economic incentive to organize around different communities than the to-da-moon blockchains for everything delusion.
Steemit is trading real money and the bubble only lasts for as long as everyone continues to POWER UP everything.
Eventually people want to start cashing out.
The reality that is likely to hit before that is the realization that giving money away for free creates a lot of discord, jealousy, game theory, anger, etc.. That has already started and it will grow worse and worse. Guaranteed.
Eventually people want to start cashing out.
The reality that is likely to hit before that is the realization that giving money away for free creates a lot of discord, jealousy, game theory, anger, etc.. That has already started and it will grow worse and worse. Guaranteed.
I actually completely agree with these points. No one gets overtly jealous or hateful when they see someone's post getting a high # of upvotes on Reddit.. but you can clearly see it happening on Steem. Money changes everything and it will be interesting to see how these dynamics evolve when there is emotion is involved. As smart as the Steemit devs are, I don't think they have thought about all these factors that iamnotback mentioned.
However getting paid to post/blog is not a new concept, there was Bubblnews back in the day which was incredibly popular in Asia. I'm just hoping it grows significantly over the year before it's deemed unsustainable so my SP grows and I can cash out.
Also, to smooth or anyone who may have a say in Steemit... please update how everything is organized and categorized. I actually kind of hate the layout right now. It's hard to find a specific community or like-minded people to discuss certain topics with. No matter where I navigate to I always end up at the trending posts, which are personal intros or blogs 90% of the time and have nothing to do with what I'm actually looking for. Which again leads me to question whether Steemit is meant to be a personal blog or something akin to Reddit... at the moment it seems like a personal blog, as these are the highest paid posts and these posts are giving incentive to others to post the same way.
There's also a Search option in Steemit but it's a generic google search, why would I want that? I want to be able to search "bitcoin" and see the threads about bitcoin that have been tagged "bitcoin". Right now if bitcoin is not one of the options in the select topic drop down then I'm out of luck. I'm guessing these are all works in progress