For both YouTube and Steem isn't it true that the revenue that can be generated by an author is parallel to the demand for advertising on that platform?
Yes vote buying splits the daily reward pool thus meaning a smaller share for organic content creators. But the increased demand for SBD increases the overall value that those original content creators are receiving.
If 50% of rewards given out go to advertised content, yes that is 50% not available to others. But was it not that same demand for SBD that meant content creators were cashing out SBD for $5 or even $6?
If 20 people take his sales pitch and follow it and buy the same amount of votes, wouldn't that create a rather large demand in the market for SBD? Thus increasing payouts for all content creators.
That would create 20 more people who have to do the same thing just to be able to compete, then 20 more, then 20 more. Eventually, people become dependent on, let's say, 10 accounts that run bots. So, all of that power gets centralized into 20 hands because those bots make the money and increase the SP. The bottom 20 push the top 20 out of the way by spending more, that gives more power to the bots, the new bottom gets mad and pushes the new top 20 out of the way by spending more, so on and so forth until being in the top 20 is out of reach for the average member, so they leave, along with their eyes, many follow and eventually those top 20 are spending thousands of dollars to promote their work in front of an empty house. The value of the tokens plummet because the platform falls in on itself and everyone loses. The biggest losers turn out the be the one's who started this vicious cycle. You got 20 hands holding majority of the tokens, they start selling to save their skin and that's it. Done deal.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Isn't that already the situation now?
Are users leaving? I have no idea have only be posting for a few months.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
People come and go all the time for many different reasons. I didn't really come here to share my opinion on these topics.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You just defined a ponzi scheme..,now i understand how bad this could be
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Everything in this comment SCREAMS pyramid scheme.....I thought this was a place to come and write and potentially get paid. Not come and pay to be seen. I came to make money not spend it. Even if it takes a while. I like writing and I enjoy it. I don't want to not be seen bc some other yahoo bought his seat at the cool kids table. And I find it LESS encouraging reading on someone's article that my effort to write a nice article is null and void bc I'm not paying to promote it. If you think that this dude is wrong, what can YOU tell me and others in response to it? I mean what do you think I, as a newer writer, should do instead? You seem to think you have a better idea of what to do.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, perhaps, demand is key in the law of supply and demand, in theory, but websites, and advertisement systems, may not always play by the same theories or rules or laws. Steemit seems to be more fair than YouTube to say the least.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good point
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
it's fair because of the people in it, 70% of the active users actually care and some are actually great people, some are amazing, it's mostly honest p2p (person to person) interactions here, you rarely get that anywhere.
It's been a norm set by, rules, whitepapers (maybe)(not true) I'd say it was the good examples of good people and of course the tech and the team helped immensely. But it's funny how there are so many "teams" by now we are doing fine without communities, without marketing, without pretty much any outside support, most of the outside is seeing this as competition or a scam, of course some people know better :)
So yeah this has been the only social media I've seen at least. I would even argue that is how it should be done, decentralised, distributed and with power in people's hands, of course it might go in any direction the people steer it in, so we could have more yallapapis selling shoes and I don't even yeah fuck that .
So far so many paradigms have been shifted I'm not sure applying the same status quo would work, I hope people are smarter than this, but if they were those 300 people should have flagged this, actually yeah this really doesn't deserve such a payout and it's taking the rewards of other more deserving authors. Technically. In reality, who knows, I hope bullshit doesn't start walking here, because money sure was talking on the front page :| that's how steemit lost me, plus the acid color :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Steemit is becoming what Facebook could have been.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, and that is what we call a "good problem."
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit