Ask Steemit: The Economics Of Two Cows And Steemit

in steemit •  7 years ago 

It's an old, tired example, but using two cows to demonstrate how a type of society/government/economic model works is surprisingly effective, if a bit simplistic.

As difficult as it is to describe how Steemit works to the uninitiated, perhaps an uncomplicated single-sentence response might be a good way to start. Let's brainstorm!

Here are a few examples, with the help of Notre Dame Economics.

SOCIALISM: You have two cows. The state takes one and gives it to someone else.

COMMUNISM: You have two cows. The State takes both of them and gives you the milk.

CAPITALISM: You have two cows. You sell one and buy a bull.

REPRESENTATIVE DEMOCRACY: You have two cows. Your neighbors pick someone to decide who gets the milk.

AMERICAN DEMOCRACY: The government promises to give you two cows if you vote for it. After the election, the president is impeached for speculating in cow futures. The press dubs the affair "Cowgate".


STEEMIT: ????

Your turn... How would you describe the steemit economy with just two cows?

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This post received a 1.9% upvote from @randowhale thanks to @lydon.sipe! For more information, click here!

Thanks @lydon.sipe... that is very kind of you!

  ·  7 years ago (edited)

You own two cows everyone feeds them, you get most of the beef but everyone gets some. Comparison: you have two posts everyone upvotes them, you get most of the money but everyone gets some.

That is fantastic!

thanks!

Good post never thought of this before

You have two cows. You can't figure out if it is ok to vote for your own cows, or do you always vote for someone else's cows.

You have a cow. People come by and pull on the tits, and then we all have a cow.

Steemit- one cow for milk and butter, the other goes to the slaughterhouse and there is a huge barbecue where everyone is invited

Yum!

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Very clever! 2 cows = a lot of bull****?! I guess that's how I would describe it ;-)

Cowgate I think I heard about that on CNN I figured it was just fake news.

Its more like a lot of ships ..... :)

You have two cows, if some cows give much milk some less. You can decide to whom you give the milk. But everytime you get a little piece of beef back if you give someone milk. You can also slaughter the cow and sell it if you're for the fast profit.

You have two cows, one comes down with Mad Cow disease. The other cow films the cow with Mad cow. He then posts a video on YouTube about being Mad. Both of the cows get royalties for the rest of their lives from their video gaining notoriety. :)

You have two cows but the village surrounds and supports those two cows. The village chips in to buy a bull and then you have many more cows and cow products to share. (Upvotes because of SP from the bull!)

You sell one cow to buy more steem power and post picture after picture of the other cow, hoping that some whale will upvote it.

HOW DO I GET COINS AFTER CONVERTING INTO ETHEREUM FROM STEEM . I HAVE PUT VALID ADDRESS OF JAXX.

hmm... You own two cows. Everyone pitches in to feed them, make them grow nice and fat. Then one gets put into cold storage and as the other one distributes milk and cream. Hopefully you save enough for a third cow because the old one eventually becomes hamburger to feed the masses. Thank goodness for the one in storage to get you through the slim season. :)