You are viewing a single comment's thread from:
RE: The Gini Coefficient For Steemit Is Not Just Bad - It Is Getting Worse!
lemme see if I got this right.
a group of investors pooled their money and started giving it away.
you're concerned because they're not giving it away FAST enough?
lol great perspective but if the Gini coefficient is rising, it's not a giveaway but a concentration of money in the hands of a few. Those hands can be changing, but overall the number of hands gets smaller. This can be considered very toxic for the attraction of the platform.
the money WAS all concentrated to begin with...now it is diffusing.
what is genie smoking?
The money might be diffusing back to where it came from. In an open system I find it ok not to do anything about it because the contraction is just a correction, but if it happens in a closed system like steemit, people will go elsewhere. At least that would be a negative scenario.
my credit union account would be annoyed to discover that steemit is a closed system.
If buying yourself in to become big and suck in the Steem is the only way to become big, then it is a ponzi scheme.
edit
But much more importantly: It would make the site boring.
I haven't bought ANY steem.
Me neither and I do feel successful here;-)
That means, maybe the system works just fine and it's just the users who are doing it wrong (and some getting everything right)... just like in life^^