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RE: Proposal to make spam less profitable
0.10$ would mean 10 or even 20 minnows (new users, whatever) upvotes, at 100% Voting Power. If one does make 0.09$ by getting upvoted by 15 minnows, it will mean that its content is not worth anything, this is what you propose?
Well there is a perspective that they are not adding financial value to the platform. Will a conversation that is had between 15 minnows attract any new investors to the platform? Will it do anything to cause the price of STEEM to go up?
I am not trying to say that conversations among minnows are worthless, but I am asking you to think of it from an investor’s perspective.
Curious your thoughts.
I think you need to separate a few things here.
Users
Investors
SMT
Tons of minnows interacting with eachother causes the Alexa Site Ranking to go higher. Which shows up more in search results. Minnows and people with almost 0 steempower add a lot of value in views/shares/word of mouth to interest more people to come into steemit. What if you had almost no minnows and everyone was just a small dolphin up to a whale? Do you think any investors want to come to this platform and see a bunch of dolphins and whales upvoting eachother for absurd amounts of money?
Investors, who and what do they want? heh. I think a supar majority of the whales/dolphins/minnows here have never bought any steem, so I think this is more of a thing to focus on for the future.
Which leads into SMTs, this is what investors are going to come here for. Looking at how successful fund raising is for ERC20 tokens on Ethereum blockchain, that is what investors do/care about. I don't think that you can have any kind of success with SMTs if you only have a few thousand dolphins/whales on this platform(vs millions of minnows).
I would take millions of minnows all day everyday over a few thousand dolphins/whales. Investors would to. A few thousand people don't make steemit(or the steem blockchain), they just earn the majority of rewards.
I hope my reasoning makes sense in this regard. Just trying to say that investors won't care about a platform that doesn't have millionws or tens of millions of users(minnows). Minnows are largely users and they won't ever earn much, but they still have a lot of value in many other ways.
Thanks for your question, it is a good one indeed and I was actually waiting for it. Let me answer it with another question:
Does the over 2 billion users of Facebook bring any value to it?
Actually they do, and they make it one of the most successful social media of this world, and we all know that it is a lot of lame content over there and a lot of misinformation. But economically speaking, with an increased number of users, comes a greater value of the platform. There will be advertisers who will pay for their content to be seen, there will be companies that will want their product to reach this market and this society that we all represent, and it will come with an increase in the price of Steem. There were a lot of them who took advantage of this blockchain in order to increase their popularity, and I am sure that there will be more if the Steem user base increases. My personal belief is that Steemit Inc. should focus more on this type of income that could sustain both the company and the blockchain on the long term. If a SP delegation or upvote could increase one's visibility and considering how much are people paying for that, think about it more when the userbase of Steem will be ten times higher. Or one hunderd times higher. If you can visualize that, well it will be just 5% of what facebook has right now.
I hope I have answered your question and excuse me if my answer is not that complete or correct gramatically speaking, I am writing this comment on my phone, at work :)
I am a redfish (here). I invite you to see who follows me on Twitter at BRIX617 and on Facebook brix.boston. Then ask if it would attract investors.
That said, I would not dare invite my celebrity, ecommerce, and science friends here now knowing how some of the others have been so deeply criticized, attacked, and received. At least not at this point.
Investors aren't going to just drop a million of their own dollars into this and walk away. No, they're going to want to leverage their investment and use the platform much the way the likes of Jerry Banfield, Joe Parys, and others.
You never know who someone is OFF steemit or how much money they have in real life. Thats why it's wise to not let ones steem ego control every decision.
♥️
What do you think are the main things keeping people from investing?
That's debatable. In the real world the biggest proportion of the populous could be called minnows, yet they are the ones that keep the money engine running and pumping the money back up to the big companies at the top. Cut off that population and where are the companies?