You are viewing a single comment's thread from:
RE: Introducing Steem The First Anarchy Mined Coin
Very insightful article. Thank-you for writing it.
When new users join there is the initial shock of dealing with a system, a set of social rules, that differ greatly to other social networks. Combine this with frustration when they don't write posts that return high rewards, while seeing others consistently "win", they leave.
How does this fit into the prisoner's dilemma scenario you described? Either players trust one another, work together as a group and benefit, or they cash out because of self-interest. But where do those who join and fail to produce rewarding content fit into this?
Good question, you have to adjust the analogy to fit them in; there has to be an extra caveat, that is the guy says you won't get the $50,000 for 12 months, and the million won't be till 3 years, however all rules still apply.
The people who give up after a few weeks, are the ones who said "fuck it, I can't be bothered to wait, and walked out of the room.
Those people, are life's quitters, and they will be quitting something else after they quit Steemit; I know because I was like them, always giving up when things didn't go my way, then I stopped doing that and things started going my way.
If someone leaves here after a few weeks, that's their loss, but I highlighted in the Spotlight last week, a lady who did 27 posts for a total value of about $0.85 and then she struck gold. Each time that happens it spreads the wealth, slowly but surely; I have more money than some, less than others, that's life. Though this is a fairer model than life; that will become more apparent over time.
Cg