Is Steemit Cutthroat Capitalist or an unbiased social platform for all?

charles1 (68) in education • 7 years ago (edited)

I love steem ecosystem a lot because of the unending opportunities especially loads of top applications like Dtube, Dlive, Utopia, busy.org, Dmania, Dsound and Steemit et al. Moreover, steemit is a platform that provides equal opportunity for all members to making money blogging what he/she loves –without investing money? Unlike Facebook that excels on exploiting its members data´s and selling to the highest bidders.
Conversely, however, steemit is currently looking like a capitalist platform that promotes and rewards the rich (those with high steem power ) , those with whales contacts and or ability to buy votes or delegate steem power –however is it all bad? Here are some few points:

Pic Source

Power to censor: Many members accuse steemit of being systematic censored by those who have the steem power to flag /down vote those they disagree with. However that is the way steemit is made to be : you can chose to down vote /flag (call it punish) those you disagree with and it is good to use such power against spammers (follow for follow, vote for vote- copy and paste spamm comments) scammers, plagiarists and low content creators. Therefore, you can call it controlled censorship against bad guys , especially those that produce less quality posts - however quality is subjective.

Inequality / Human nature: The gap between the rich and the broke is quite huge here and has always been like that in capitalist countries (Greed which is human nature is an issues -especially from those who rape the reward pool through spammy mass posts / comments - upvoting all ). However, is there any platform that does not reward its investors more? Even in platforms examples, Facebook, reddit , linkedin et al –members do not earn a cent only their investors or shareholders are the big earners. Therefore I am not sure that steemit inc can ever solve the growing gap between whales and minnows, except we community members –especially those with large steem power take action by reserving some steem power in order to upvote quality posts from minnows and other less privileged members. Importantly , to succeed here, your success lies on the point below:

Steem Power: Steem power is the secret to succeeding here because if you have enough steem power, you will not depend on bots upvotes and hoping for people to upvote your posts. Moreover, you gain more in passive income : interest payments , curation reward, author rewards and you can even delegate power and get daily return-however is it not the capitalism we are preaching against? The truthful answer is no!!! Because without those investors that take risks in buying steem and powering up, our steem will be worthless –therefore, they have right to a juicy return on investment (ROI).
Therefore, steemit might be a capitalist platform to many, however its success lies on people investing big money in steem power and getting something back in return.

Do you agree? Send in your comments . Resteem in order to reach more people and upvote to send in your support.

Click here and read my former post:Playboy To Exit Facebook: Another chance for Steemit to get more market share?

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7 years ago by charles1 (68)

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daan (68) · 7 years ago

I think it's pretty fair, but that's just my opinion... It is perfectly possible to make it here on Steemit without any investment. If you produce great content on a regular basis, it will get noticed and upvoted eventually. Then it's up to you to choose how to spend those earnings.

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2 votes

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khaimi (67) · 7 years ago

@charles1 : saya sangat setuju dengan argumenmu ini. Ini adalah fakta yang tidak dapat disangkal. Terutama hal itu terjadi kepada kami si ikan kecil. Secara jujur, kami harus akui bahwa untuk membuat postingan berkualitas pun menemukan kendala yang sangat besar. Beberapa kali saya membuat postingan tentang hukum, saya keluarkan kemampuan untuk membuat tulisan tersebut berkualitas bahkan dengan konsultasi tentang hukum. Tapi hasilnya hanya $ 0.16. Namun terkadang hal yang dengan tanpa pemikiran yang berarti justru mendapatkan nilai $ 0.89.

@charles1: I totally agree with your argument. This is an undeniable fact. Take what happens to me the little fish. To be honest, we have to do that to make any quality posts that find a very big one. Several times I make a post about the law, I spend the ability to make quality writing even with legal arrangements. But, only $ 0.16. But there are things with no thought which means getting $ 0.89.

Satu lagi, hal yang sangat sulit kami pahami adalah postingan beberapa orang dari negara luar selain indonesia, dengan postingan yang sama justru mendapatkan hasil yang luar biasa. Apakah ada perbedaan selain kekuatan investor dalam hal ini ?? Saya tidak tahu.

One more thing, very difficult thing we understand is the posting of some people from outside countries other than Indonesia, with the same post actually get extraordinary results. Is there any difference besides investor strength in this matter ?? I do not know.

Honesty, I understand your article because using google translate, but I am very thanksfull for you with this article. It just open my eyes about the facts. Vote and if u dont mind, I resteem. Please see my post too @khaimi brother. God Bless You.

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1 vote

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charles1 (68) · 7 years ago

Thaks for your comment and the main reward lies on blooging smart , patience and steem power

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kbsrelation (47) · 7 years ago

If u dont mind,, I want to translate in indonesian with your pleasure, may I translate mr @charles1 ?

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taskmaster4450 (78) · 7 years ago

The first one I do not like. I am not a fan of the downvote. It is censorship plus it is stealing. Many say it is not but I disagree....plus it is stealing from one who didnt even write a post.

If someone upvotes a post after 30 minutes, they are entitles to 25% of that vote (and possibly more depending upon who upvotes behind them). If one with large SP comes and wipes it all out, there goes that person's rewards. Taking money from another person is stealing.

The second is already resolving itself. Every couple weeks I post the stats based upon @arcange's numbers. The whales are losing power as a percentage of the while. If the present trend continues, they will be down 33% over a 1 year period. The more people who join, the greater the reward pool is diluted. This favors the minnows and red fish since they have the bigger numbers.

I agree with all you wrote about the third one. SP is crucial. It is an investment in the system.

One other thing I want to add, I see many attack the "early adopters" like they are evil. Few take the time to realize they were the ones who stood through this platform when the price dropped to 8 cents. They were the ones who took advantage of the opportunity when it arose.

I do not get the hatred and jealousy for another who simply got in earlier.

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1 vote

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steemingmark (55) · 7 years ago

I think with your post like those with steem power have a great advantage this is why whales and witnesses have a huge impact on the impact of the steemit economy good whales will make steemit better and support more great whales for a great platform for everyone! I also think steemit ecosystem Is great because of all it's new possibilities similar and more to other alt coins. This is why its interesting especially after reading @berniesanders newest post on witnesses. Sorry @charles1 if my comments arnt great as I'm on @esteem and still getting used to it as I am in France not my home computer. Therefore I haven't replied to your other comment as mine phone crashes maybe @good-karma can look at helping large posts being viewed and used on @esteem?