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RE: Steemit is a Sharecropper Plantation
Also, we will all have to admit, that due to issues in Asia, they will adopt crypto currency faster, which is why Steem probably is focusing on them as well.
Also, we will all have to admit, that due to issues in Asia, they will adopt crypto currency faster, which is why Steem probably is focusing on them as well.
We would be assuming that is their unstated motive when their published reasoning is that it's more cost effective to the rewards pool if they get content at a low price. I think it's kind of hard to get around that when it's plainly stated in the release.
Well, when people here are trying to get paid $15/hr to take burger orders, having someone who makes $15/week on a good week, write blog posts is a no brainer. Can't blame them for the focus in order to get more content.
Let's take that example you just made to illustrate another aspect. Steemit is already suffering from some pretty good spamming with very low quality content. Wouldn't it stand to reason that the steemit's future may crash if they are able to process new users even faster and all of these users are in what we would consider extreme poverty? If we are supposedly too well off to produce cost effective content, what do they expect to achieve in a 3rd world country? True, I'm sure someone would make worthwhile content, but the mass majority would post nonstop nothing-burgers waiting for whatever they could get. Maybe I'm just too priveleged to see the motive in those markets other than taking advantage of low rewards.
I'm guessing is, they really don't want quality content.
But, if they can make the right bots, they can possibly enforce it.
I'm more of the persuasion that in those markets the equity in Steem would be lost because the VAST majority would be compelled to take out their SBD rather than convert it. Wouldn't you agree? This must have also been anticipated by Steemit, if not it would be a gross oversight on their behalf...
Except, conversion to Steem is the only way to get your self upvote to really pay out.
See, that's where you err. You are thinking from your own financial perspective of wanting to create wealth, not just subsist. I have already made enough to feed one of the 3rd world citizens for at least once a day for two weeks(It costs only 20 cents to feed one child a nutrient-rich serving of Plumpy’Sup®, a nutritional food supplement). Ergo, we can only expect them to cash out at any opportunity to help themselves and their countrymen. Wouldn't you do the same?
At first, they might. Then they might realize that if they save enough they can't get out of their hell hole. We are talking about people who would have enough knowledge to actually given themselves the opportunity to find Steem and figure out how to use it.