RE: Crypto Wars - Crypto Philosophy, Starting A Crypto Education Center

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Crypto Wars - Crypto Philosophy, Starting A Crypto Education Center

in cryptocurrency •  7 years ago 

I haven't seen the video yet, but being a new member here can someone enlighten me how this post have around $101.55 within 10 minutes of posting ?

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Hahaha, I had the same thought. I feel like this would make a good case study. If someone's voting power is largely contingent on the amount of time that she has invested on Steemit, than the curation of content would be driven more by the taste of early adopters than the actual quality of the content.

I wonder if this model is fated to stay a pyramid or if over time this will self correct with increased adoption.

"We've dressed up in our best, and are prepared to go down like gentlemen."

Not enough life boats ..

Somebody, like me, with voting power decided to endorse this post. There are 26 votes at a glance, 8 actual views on the YouTube video, and I'm definitely not endorsing this.

okay, so more powerful people follows you, more the power your profile gets? is that how it works?

Yes, or you can buy the voting power. Transfer it from some exchange or directly buy it from Steemit and company.

Cool got it, thank you guys :)

Thanks

@shonyishere.... - Yes - that's how it works. It's all about kissing whale-ass and has nothing to do with content. --- OR, you can simply buy power through Steem-tokens, power-up and reach many more people.

I have been involved on steemit for over a year and have dedicated a good sum of my life to it. The more time you put on steemit the more you will earn!

Thanks for the info, initially i thought steemit works like reddit, but it is better as we get rewards for the efforts. Yeah, i am gonna spend a lot of time here too.

Auto-upvoting I would suspect.