Steemit is not a currency. Steemit is not the crypto-platform. It is only a website that interfaces with the blockchain. It is the mount Gox equivalent of bitcoin.
Yes, you can create a room full of bloggers just like you can create a pool of bitcoin miners. This would the create an unbalanced centralized currency right? Why hasn't this been the case for other cryptocurrencies such as bitcoin? Visa could swoop in and own 99% of all of the bitcoins and then tell everyone you can only use bitcoin through Visa. This could happen, but then they would be buying a useless currency. If I invest in it with the intent of creating instability through breaking the principles of the currency then I will destroy the value I put into the currency which will mean I will be paying to see it's demise.
I was actually thinking about having pools of posters earlier today to increase small cuts of the pull and dull the large cuts. This could happen just like it does with other cryptocurrencies and mining. But the more crap someone posts or spews the less we will see it and the less profitable it is. If they spew create content and deserve to be up voted. It would mean someone is better at sharing their opinion than I am and will reduce my cut of the great content pie. But if there is great content from bloggers, then huge news outlets could perhaps use steemit as a source in their posts. Which would mean we would be given a lot of views and our steem would go up in value.
RE: Steemit Digital Sweatshop
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Steemit Digital Sweatshop
The room full of bloggers example was my way of explaining how the supply of actual blog content is not that scarce and therefore not that valuable. And it becomes even less valuable with competition. Since we have massive competition on the internet, prices will be driven down to the absolute lowest point. That price point is probably in the single digits, certainly not thousands of dollars. I think that's what we can expect in the future.
I love the idea of posting pools. That might be necessary someday. Much like it is in mining. If you pool your Steem Power together and then post articles produced from your posting pool users and upvote with the full power of the pool you could actually compete and get paid even if you were a small fish. I dunno how the payout structure would work. Probably based on how much Steem Power you provided and bonus if your article gets used. It would be a good way to focus efforts. You could be going up against billion dollar companies with billions in Steem Power.
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But you also have to realize that content is not exact or clearly defined. Mining is simple from a pattern perspective, you complete hashing algorithms and get rewarded for it. With content, if people up vote someone baking cupcakes today will not be what makes it to the front page tomorrow. And if there is a flood of content like you suggest, it will constantly have to evolve to keep the voters interested. If everything is the same, voters will not up vote it. Take example some of these people copying articles... there are some article references that do $10,000, but now there seems to be a lot less. I have seem people bulk posting these types of articles and they are getting fractions of pennies from you or me who up votes him.
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True, its not as clearly defined as mining. But it does allow you to coordinate your efforts. Instead of spreading out your votes the entire bulk of the groups steem power would go behind each post and upvote. That would give it a bigger chance of succeeding and not being lost in the fray.
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Interesting, I thought you were implying you could create $10,000 content if you create enough $.01 content. Well it could be reality. Thanks for sharing your views on the platform. Cheers!
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You are talking about pools I am referring to the sweat shop of posters. If that was a thing you could do the same thing on youtube, the issue with that is even if you did that you cannot predict what people will want. Minecraft let's play? No one anticipated PewDiePie to become a success, Markiplayer? Leafyishere? I don't know a lot of famous you tubers, but the idea is it isn't a formula, it might be once you are popular, but I am sure if there was a sweatshop way of doing it and making huge pools of money then companies can already do that with so many platforms. Cheers!
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Oh, I misunderstood you. Ya I agree that wouldn't be the best way to create content that worked. What I meant by sweat shop was just that everyone got paid pennies for posting. Even if they were amazing articles. Not necessarily that they were forced to work in a shop churning out crap all day like actual sweatshops. But who knows.
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