— SteemCN

Did your crystal ball tell you that?

No crystal ball, but the incentives and outcome of those incentives seem pretty clear.

Any content can reach the Trending page by buying votes.
Given that, would most people invest time and effort in quality content, average content, or shitty content if they all have the same outcome?
This would cause the content on Trending to trend downward in quality, meaning the fundamental connection of "high payout" = "high quality" is broken.
These actions will devalue SBD, Steem and Steemit as a whole since its associated with less and less worthwhile posts.
Yet, to buy votes, you must invest in SBD or Steem, which means you funneling value into a system that ultimately degrades that value over time.

Conclusion: The rent-seeking behavior of bidbots is not sustainable compared to the original goal of 'high payout' = 'high quality' where readers and content creators are driven to the platform to find quality work and connections.

For real-world examples, look at the 2008 housing bubble - people were inflating a system of shitty assets because everyone thought they were worth more than they really were. As time went on, the assets just got shittier as more people entered the market buying homes at inflated prices with loans they could never afford. All of it driven by greed.

All of the content here is overvalued. There isn't a huge market for Internet bloggers besides advertising.

The average user on Facebook affords the company $19 dollars a year. We are early in the process, people are being overpaid.

There is no plan to sustain exactly what is happening today, none of it is sustainable with or without the bots, if you want to look at it from that point of view.

I do appreciate you were able to give your statement some reasoning. It's the new catchphrase on SteemIt.

"It is unsustainable". Of course it is, so was Amazon, and Facebook and many other business models. We are a work in progress, not an established business.

"There is no plan to sustain exactly what is happening today"

What is the plan then?

It is up to those who want to build on the Steem Blockchain. There is actually nobody that I know of that expects the current situation to be sustainable.

SteemIt Inc. Has a road map, many other platforms are in development. You guys are fighting about the flag ship.

This is not the plan this is a stage on the way to building more. Nobody knows what will happen. Investing in crypto is a risk. Putting time into the platform is a risk.

Content is not our best asset, it hold very little market value.

That's my view. If you don't like it, make up your own. I say that with 0 snark. We are building it, it isn't done yet.

Sit back and watch the whales take their cut while the market is still high.

If it bothers you don't watch. I hope they become Billionaires. I'm on the same team.

I love you whatsup! 😂🔮🎩

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