The stock market is getting hammered today, down 380+ so far. Taking some fat gains off the table when I did looks even better after the last 2 weeks.
- Steem Cleaners this is why daily updates happen in finance, things happen fast, you need daily coverage ....
Let us talk steem now for a moment. If you have not seen this yet you watch it, it is where steem is headed.
https://steemit.com/gathering/@ned/have-you-seen-this-post-yet
My prediction is .... more pain for steem. This system as it was described in the video WILL be gamed hard.
It will also piss off at one time or another to many people.
But the biggest point @ned is forgetting is that Steem in and of itself HAS NO VALUE.
Let that one sink in a minute.
Steem has no value other than what someone else is willing to pay for it. So the leaders of Steem, @ned and crew need to remember people are mostly interested in MAKING MONEY NOT CREATING CONTENT. Steem got as big as it did because it has a mix of all 3. You could make money blogging, using a crypto coin and their was an incentive to buy more coins due to stake weighted voting.
Their needs to be an incentive to buy more coins or the value will plummet.
That's all for now, they should really pay me for all this.
Best Regards,
Dreamryder007
That being said, steemit has a potential to satisfy one of the core needs of every human being which is social engagement. If developers on steemit focus themselves on improving social interaction through this platform and add on top of that the possibility of monetizing that interaction, I think this platform could become a gold mine.
Think on Youtube, they gave the opportunity to many hundreds of YouTubers to be as popular (but not as reach lol) as many Hollywood stars, speaking in terms of the number of audiences. Because of that, today the search engine of Youtube has more traffic than the search engine of Google. That could be a good mirror for @ned to lock himself at. Not sure if he even cares tho.
In that scenario, I think that Steem could have value in itself.
With your considerations about the weaknesses of their description, I a totally agree. The weighted voting system is not the problem, the problem is that there is no incentive for the whales to move their fingertips to boost smaller accounts. Their proposal still does nothing to solve that issue.
Best regards.
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I also believe steem has potential. Their are a lot of good works that people are trying to do with steems value. I hope they monetize the database that they are building.
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Hi @dreamryder007, you won a custom portrait by @luxx, please leave a comment on this post if you would like to accept it. Thanks for your support! https://steemit.com/contest/@giddyupngo/upvote-battle-for-venezuela-winners
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Thanks, will do.
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You got a 7.23% upvote from @upmewhale courtesy of @dreamryder007!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
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Informative and precise a post from you ......... But in addition to what you have here I guess you are just straight in highlighting your points..... The love for money is much as we are all walking for money but just to have in mind that steemit is not just money structured but again meeting people and making real content to make money..... Then for business in terms of the coins structure.
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The average crypto user is in it for money. I agree that Steem could be more than that.
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Of course I sensed that too
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You got a 3.73% upvote from @postpromoter courtesy of @dreamryder007!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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You got a 7.08% upvote from @upme thanks to @dreamryder007! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
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this is one the first blog i have taken a real look at, has i am new here.. I got tones of original content, but want to get paid for it... kinda of discouraging to hear...but thnks for the real talk...
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If you are new I recommend entering as many contest as you can or streaming on Dlive to grow your account value without having to buy tokens.
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thnks I will try it out
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