RE: A Skeptical view on Tokenization
Dear @costanza
I just had a pleasure to read your publication. It's not very "fresh" post and I wonder if you're still even checking comments ...
I honestly still see it as somewhat of a Ponzi structure that would collapse if no new people would come in buying Steem to earn more steem.
That's very true. Simply because demand is coming from wrong source.
Imagine that Steemit would actually allow regular users to pay for those ads with STEEM and those tokens would be burned (same way currently paying for "promoting" does).
It would attract people, brands and businesses to actually buy STEEM and use it for their advertising purposes.
Unfortunatelly Steemit Inc. decided to follow different strategy. They accept payments in FIAT for those ads. Which really exclude their entire community not only from created revenue, but also from opportunities of advertising our our content using STEEM. And that sucks.
PALnet made a good step and promoted posts are being displayed in "trending page". So it does create some demand for PAL tokens. That's already solid step.
Cheers,
Piotr
The good thing about adds is that it will decrease the selling pressure from Steem inc. It would be nice to have a way to advertise paying with Steem or have a system where you allow advertisements in your feed where you get part of the fee a bit similar to what BAT is doing.
I still have a hard time seeing the PAL token go anywhere honestly. Most pal community members before the coin just joined in order to get the minnowsupport upvotes that really helped a lot of people get started. Now it's just another way to get more $$ and I don't really buy many actually care about the community aspect that much. It's also just too big. If communities are going to work I believe it will be smaller ones 20-100 people inside. Once it gets too big it gets more easy to abuse without being noticed.