Today I want to talk about the genius with Steemit! And how it creates things that other platforms currently doesn’t have! Right now most other platforms the way they work is they don’t create proper trust. And the system is flawed.
The reason why they are flawed is because they are working more with anonymous accounts so it becomes hard to develop real connections and trust. Also that you have this awkward relationship with third party advertisers that tries to make money in the middle. You have no idea what advertisers that will show up on your content. Maybe it doesn’t fit with your moral standards. The solution? Make the reward come from the people instead!
The reason why this hasn’t worked on other platforms is because people have asked for too much rewards. Now with these systems built on blockchain we can have digital micro transactions to give out proper rewards. This creates an effect where people feel appreciated and liked. This cause people to create more value. A positive feedback loop now has been created between producer and consumer.
With using Banks the process of giving out rewards has been complicated. Now we are making things much easier again. This will cause very interesting discussions in the future of what money is. And fun when people can create their own currency. This will totally confuse many older generation people!
Nothing ever stays the same in nature. We are always moving forward in evolution. And things have been speeding up quite rapidly the last 200 years. And this is not about to slow down. We are just getting started!
The main things that make Steemit awesome is the reputation system, trust creation and digital reward incentive. All parts that you need for creating an epic platform! Who knows maybe it can even become more awesome in the future? I can’t wait to see what comes up next!
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Great post
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Great post. I have the same optimistic outlook on steem as you. I love how you explained the creation of the positive feedback loop, makes it easier to explain to my friends. Cheers, I look forward to more.
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Thanks man! Yes the positive feedback loop is really hyper interesting haha! 😀
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I think it's great to have real value involved on social media. It will be nice when Facebook finally starts to faze out.
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Facebook will probably adjust to crypto as well! Same with YouTube! The best thing is that we consumers will win because we will get better alternatives on the market! No more monopoly!
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I suppose they could try and come out with their own crypto but I don't see how it could work.
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really really inormative and great post
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Thank you so much!
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help full post.keep it on
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Thank you! I will! 😋
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