RE: Open Letter to Bidbot Operators

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Open Letter to Bidbot Operators

in steem •  6 years ago 

I would have to completely disagree with you here. :D
This is a completely content driven economy. Without content there wouldnt be any economy on Steem.
Steem is a reward based economy, meaning you need to have something to reward, that being content.

Economy constitutes of production (content), consumption (of that content) and the supply of money.
Be that content bad, average or amazing, doesnt matter.

steem
6 years ago by

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      ·  6 years ago 

    We might be talking about the order that we think these dynamics play out. In which case, Its probably accurate.

    Users with Great Content brings Investments which in turns produces great rewards for the users.

    So its like a little cycle...

    How the wheel gets started, that might be our point of disagreement.

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        ·  6 years ago 

      But unfortunately Steem reputation is slightly stained due to many things.

      1. Dan leaving to, "make some better and more fair", indirectly attacking Steem by pointing out its failures in a very calm and professional demeanor. (if he was childish about it we would be better off. haha.
      2. the perception that Steem is a crap content economy based on the trending page.
      3. the perception that only the wealthy can earn anything on Steem.
      4. vote buying, bot account generation.
      5. inefficient account creation process... etc etc. etc.

      All of that affects the investments, and the price.

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        ·  6 years ago 

      You forgot the ninja mining... some people can't get over how this whole thing started.

      I remember bumping into a post by @inertia back in the day that made a lot of sense to me... and honestly as simple as that, I got over the ninja mine thing.

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          ·  6 years ago 

        That was far before my time, so id really need to read up what exactly was happening to understand why people are mad at it.
        I only heard you lately mention that.

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          ·  6 years ago 

        Well i think the wheel got started because there was a belief that the founders and creators of the idea of Steem would deliver what they promised to.
        When it comes to attracting investment, the token that shows it has the ability to fulfill its core goals (and offers value) will do better.
        Had Steem completely succeeded at its goal i think we would be looking at a completely different picture in the market cap list.

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