RE: Let me introduce my steemit blog
From the SMT white paper, this is where I was sold:
"Due to suboptimal transaction cost structures that incur fees for basic actions such as voting or posting, misalignment of interests between meta and core tokens that aren’t built for influencing distributions based on Proof-of-Brain, private key hierarchies that don’t cater to social versus financial operations, and slow transaction speeds that are out of sync with real-time websites - none of these protocols could ever provide an acceptable user experience for content websites, such as Twitter, Reddit (even subreddits) or The New York Times."
This is exactly what gets me excited and attracted to blockchain technology and why I will continue to invest my time and energy in building the new from the old; Facebook and the like are already going the way of the dinosaur because they've failed to innovate ways of doing what they do best better for their users. I wrote about this in my earlier post series, This Brave New World, I talked about this digital transition I am going through, sharing a bit about me, and how I find more people every day making the switch from these legacy social media networks. If you're a content creator, producing your art or developing media, this is your time to shine through the shadows of tomorrow a light for today.
I feel that most people are growing increasingly tired of being exploited for their personal and original content for these networks to make HUGE profits for simply linking other people (some of which are our own family and actual friends). Facebook's integration has even made it a valid authentication online for places of business and certifying our presence in the workplace. Everyone deserves rights to their own content, producing, sharing, cultivating it is the art of our history. It is our modern culture.
Another thought brings me back before all of this, to this video called "The Future of Communication" I've favorited since I first watched it back in 2009 (maybe earlier, I remember watching this continually into college and I STILL refer to this video. HIGHLY RECOMMEND THIS), much of its content still relevant, over time has come to be a bellwether on this phenomenon that we're all experiencing.
Yes, I have found many users that feel exploited when posting their original content here on Steemit. The whales make HUGE profits because of the value created by minnows. The whales earn large amounts because other users attract more readers and authors to the platform. It is mostly the users with low SP but interesting posts that make other people register and invest in this platform in order to interact with them. With other words, the whales collect unearned income because of actions performed by everyone else. And most of the whales don't even post anything. They collect money by selling upvotes and other interesting schemes. It is very interesting to study and be a part of this. It is one of the reasons I moved from G+ to this place. I want to experience this rent seeking first hand.
Nice video. It got many things right!
And interesting blog post!