RE: Steemit has problems. I have The Grand Solution.

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Steemit has problems. I have The Grand Solution.

in steemit •  7 years ago 

This is the core problem.

Where to get the money for those payouts? Who is going to pay for it?

If you can answer those question, then we can continue discussion.

The next day we invent the communism in Steemit, investors will take out the money, everybody becomes a whale and earns millions of STEEM. But there will be a tiny little problem - 1000000STEEM = $0.02, because you regret to invest FIAT money in the system and current investors did not like your idea of communism. 😂

You need to do the math - show the numbers with calculations on how much money there will be needed. Real data you can get from stats, you know the number or whales, orcas, dolphins, minnows and red fishes and you know how much money is distributed every.

And then with the numbers it becomes clear of the gains of your solution. 😉

If you did not know, there are no such thing as FREE money that is distributed. We are burning Steemit investors FIAT money and hopes to get rich some day.

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  ·  7 years ago (edited)

Well this proposal doesn't aim to fix that really. It's just a way to better distribute the money that's already here. Right now 90% of it goes to the top 100, and the last 10% is trying to be taken by maybe 1,000 more.

All I propose is for that last 10% to be shared among 100,000 more evenly. This in turn would create a site with a far better reputation with less spam and such, and outside investors would read upon it more fondly and throw their money at it.

I can't see this system providing a higher income than vote selling currently does, but if we assume selling 40,000SP for 600 Steem which just happens to be the rate I noted via blocktrades some weeks ago, then their profits, using a total of 4 million steem power, would be 60,000 a month or $720,000 a year - exactly double my random example of $360,000 a year. So my idea wouldn't be extracting money from nowhere - it already exists.

I am awful at maths though so feel free to clarify if I'm getting things confused. Doesn't seem so, though

  ·  7 years ago (edited)

That is imo because the so called investors are not really investors. If you invest to gain money quick, is not investing, but more like the get " free " money you are referring to.

A real investor knows that it takes time for the public to make the platform grow and then they can make money. A real investor also knows that he / she can lose money.

More important, a Real investor has more interest in having the platform succeed with high quality content and users. That will make a huge profit on the long run.

But what sense does it make if it's only fun for just a few? Users will abandon the platform and even the best idea will fail simply because it lost it's value.

So yes I do like steemit to grow large and not destroyed by those only in it for money. I hope for a good solution.