"If it is not possible, this would sound pretty unfair for a service that aspires to revolution the social networks and the world economy."
I promised to be less belligerent, so I will try to say this in the nicest way possible:
You're misleading newbies.
1. Steem is a semi-ponzi because Steem Power is partially funded by people buying it
2. The reason why a developer update is worth $40,000 isn't because the headline
was catchy, the masses care about a desktop client, or because of the HQ content.
It's because they use botlists (which I do, albeit inadvertently).
What does that mean?
I make roughly $10 for every post I make, with a bot following of one whale and some dolphins.
Imagine that small botlist multiplied by 100.
Then $1000 will be made automatically.
Actually nope, it's much more than that.
Votes by influential users are tracked, which means whale votes are
multiplied by the people tracking them.
Coupled with their Steem power, this is why that post is worth $40k.
There is nothing rigged or hidden, and the system won't change, otherwise growth of the platform is stunted, as you're killing potential industries.
4. How your Steem Power can become FunBux 101 (read @sigmajin 's posts):
People stop buying Steem Power, Enough people don't buy SBD (which is an IOU) to finance the buy loss.
If this happens there'll be a temporary "update" while they try to pump up the buy side from their pockets i.e.
I think you could use your time in a more useful way giving your contribute for this network instead of criticizing everything.
What you wrote here is just a part of the whole thing. For example you don't consider that bots are programmed by humans, and humans have interest to reward quality content, instead of doing a stupid collusion.
Moreover I think you don't consider the fact that Steem could be worth several billions of dollars very soon, so making a bailout would just have no sense.
We can't be sure that it will be Steem, but for sure a decentralized social network based on blockchain technology is the future of the media and the economics. If there will be a future, because the alternative is probably a termonuclear war: all the mainstream economics and medias are financing hate between people, terrorism, wars. And this system can't be reformed but has to be overtaked.
2 weeks ago I didn't know of Steem, then I read the Whitepaper and I said to myself: wow, maybe there is a chance!
Just courious: did you read carefully the Steem Whitepaper ? do you have any concrete idea of how to improve Steem ? why don't you make posts about that, instead of criticizing all the inevitable leaks of a startup ?
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I read the whitepaper don't be condescending.
Point me to a misunderstanding, I'll apologise. But I don't think you can.
If you've read the whitepaper you'd have read this part:
"Freedom of speech is the foundation of all other liberties and any infringement upon freedom of speech undermines the only peaceful means of reaching consensus: discussion"
The whitepaper endorses discussion. And that involvs criticism.
Not pumping lies doesn't contradict Steem's founding principles.
Secondly, there have been billion dollar bailouts before...
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I just think that criticism should be costructive. It's easy to say that some accounts having 2 millions steem power while we start with ten is not fair.
But would it be fair to just permit to an horde of of trolls to have the same importance of people who is working at a project like this since maby months/years ?
Moreover, would it be fair to permit to any entity that doesn't like this project to takeover all the steem power with just a small investment ?
An account named "Steemit" wich holds 60!!!million Steem Power is something that make me feel protected, because until it is in the right hands it won't be possible to someone protecting interests of Facebook, or some government to start transforming this site in a place full of bullshit just to demonstrate that a centralized power is necessary.
(that is exactly what is happening in Europe: they spread hatred among people to instigate terrorism, just to demonstrate that an European superstate and an european army is necessary)
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Did you even read what I said?
I never complained about account disparity. I'm just telling you it's a ponzi.
What's not constructive about making sure newbies aren't misled?
And I'm just letting you know it's not your content being rewarded.
Full stop.
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As a poker player/dealer for 10 years I agree!
This is a new frontier for all of us :D
Check it out and please let me know what you think..
https://steemit.com/money/@stealthtrader/steemit-the-new-digital-economy
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Though i think the critical thought is a good thing, steemit is not a ponzi scheme. People tend to overuse that term to describe anything where the money seems to come from nowhere. Specifically, what defines a ponzi scheme is paying current investors with new investor money. So, for example, i say to peter If you give me 100, i can turn it into 200 in a week. Then i take peters 100 and say the same thing to paul and mary. Then i pay peter with the 200 i got from paul and mary and use him as a reference to lure in 4 more people to pay paul and mary.
Steem is not doing this. You might argue that theyre paying investors with money that they printed, or that theyre planning a pump and dump (i don't believe either of these things, btw, but the argument can be made), but there is nothing they could do that would be a ponsi scheme....
That said, the way theyve worked the relationship between the creation of vests, SBD and steem makes it very unlikely that a money shortfall would cause a run or a collapse....
The only way i could see a serious problem with the steem money system is a huge loss in value following a massive catastrophe of some sort like a hack or a scandal. The price of steem would have to fall significantly below $1 for that to be on the table, IMO.
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Can't you argue that the promised STEEM Power payout is paid for by other people buying, hence Ponzi?
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Semi ponzi is a acurate tern
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All a bit of a conundrum!!
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Steemit is not a ponzi-scheme.
Many people here just make account here and they do nothing more,than quality replies,posts comments etc.
They get many thanks to it.However they do not deposit anything,so i still dont really know how anyone could call this a ponzi.Maybe im wrong in some aspect?
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A ponzi is where future investments are paid for with past investments
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