RE: Fighting Poverty -Can Steemit Platform Ecosystem Reduces World Poverty?

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Fighting Poverty -Can Steemit Platform Ecosystem Reduces World Poverty?

in mspsteem •  6 years ago 

Seems very unlikely because the business model from steem is a bit like socialism. The upvotes are paid by a reward pool financed by issuing more coins. That way they dilute current users to payout the rewards. This is just the same like central banks are doing when they print money. We all know how that ends...

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Exactly