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RE: Was the Launch of Steem a Scam or the Only Legal Way? - Thoughts on Steem by Charlie Shrem a Week Later

in #steem8 years ago

The other thing is that perhaps the biggest draw card at this point for people is that unlike Facistbook, precisely there is no censorship. In the circles I used to find myself there, the number of times I saw reports of this kind of mischief, and then there was the damning revelation that fascist books mods in fact have a definite agenda.

So in other words, for the time being, these MSM following types, and their leftist leanings, are not really in the target demographic for Steemit at this point anyway. The idea is that people who believe in freedom and anarchists and this kind of people, we now have our own soapboxes, and as we post this kind of thing here, and not get shut down, sooner or later the entire alt-community will be here because they can find stuff they want to read. Some proportion of the users migrating here will also bring money to the platform, bidding up the value of Steem as well.

Right now people think it's outrageous that a post can get $15,000. Wait until the market cap is over a billion, right now it's close to 200mln... I also mentioned before but those figures can be deceptive. They are based on Steem prices and the reward is split and most of it is vested, into 1 week maturing tokens and 2 year slow payout tokens.

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