RE: Open Letter to all Steemians - Hardfork 21: Culture Change

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Open Letter to all Steemians - Hardfork 21: Culture Change

in steem •  5 years ago  (edited)
Steem isn't decentralized. A couple dozen people own the accounts that possess the vast majority of Steem - all of which was originally mined by the ninjaminers. The rewards being issued are a fraction of that Steem, and most of them inure to the original ninjaminers because they use stake weighting to extract them into the wallets of their thousands of accounts.

I was originally talking about Steem rewards being taxable as earned income, in which context what you're saying above is completely irrelevant.

Splinterlands is great for folks that want to play games. Folks that want to play games are a fraction of the folks that want to engage on social media. You can restrict your vision of Steem however you want,

Despite paying its users to use it Steem is failing to attract large crowds of users. Steem is still paying its users something rather than nothing unlike every mainstream social media platform in existence.

Why is the Steem user base not growing organically and fast at that if the rewards are such an important attraction? (Surprisingly, they're not. Mainstream people can't be bothered with learning to use Steem and earn some money while blogging. Very few Steemians have been able to get people to join and STAY on Steem for any length of time. Either the rewards are too good to be true and stories of them are met with extreme scepticism or they're measured in pennies and nobody gives a fuck. Not even piss poor Venezuelan students who you'd think be interested in grabbing whatever money coming their way are clamoring to join Steem. These facts really boggle the mind.)

but your claims and plans basically are in denial of provable facts.

You can repeat that to yourself if it makes you feel better.

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My point in response to your claim that aversion to taxation was a primary reason people weren't Steemers was that it was irrelevant, and the overwhelming majority of Steem was not available to most users on which to be taxed. You claimed that was not true, and now you claim that despite it being true it is irrelevant. You may not like the facts, but bobbing and weaving around them will not make your statements true.

"Why is the Steem user base not growing organically and fast at that if the rewards are such an important attraction?"

I address this issue in detail elsewhere. To skim: financial rewards are NOT a primary reason people interact socially, and people are extremely sensitive to fairness. Indeed, vertebrates are extremely sensitive to fairness, meaning it isn't just some meme issue. Dogs will fight to the death over tidbits if they are provided intentionally unfairly.

Profiteering is destructive of business endeavors, and the ninjaminers were great coders, not experienced investors that were well informed regarding mechanisms potentiating capital gains, the means used to drive investment since prehistory. ROI is not capital gains.

You can ignore these facts to your heart's content. That won't make them go away, and when you do not acknowledge facts your statements will remain false.

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