RE: Steemit has problems. I have The Grand Solution.
no worries! Thanks for replying! I think the quality of the content is critical to invetors (whales). If I were a whale, I wouldn't support half the content on here. strike that, i wouldn't support 75% of the content on here. There are days where i struggle to find something to upvote. And while quality is subjective, we can all agree that we wouldn't upvote something that is equatable to midnight word vomit that summarizes everything an article they read just said.
Trying to stay back on point now!!! If you offered premium upvotes to whales, then you still need to incentivize them to post to begin with, otherwise they will default back to upvote bots. I wouldn't bother posting a day to try and collect rewards from my $500,000 investment. I would litterally have more important things to do.
So if I were a whale, what a I really want is to see my money invested into something that is legitimately good, like a community project, an ongoing series, and growing idea etc.
I bring up youtube because youtube has become an area where someone use it as a utility to show something on video, rather than trying to only collect the attention of other users. Its a bit more raw in its use, which is something that we need here to create more real characters.
Now to make some breakfast....
One of us is misunderstanding the other hang on... I don't want any whales to produce content, which seems to be what you're saying. All they need to do is delegate their money to curators, and then sit back and watch the money come in. Which is exactly what you're saying you would want to see: 'money invested into something like a community project' - as in, curation teams that do the quality checking on the whale's behalf.
Right?
i am defintely misunderstanding you because I didnt get why a whale would pay for a premium upvote (other then to vote on thier own content). But yes, I think delegating SP to curators is the key to success, but this success must bridge to the outside world. Content creation and keeping SBD internal to the steem economy does not serve any purpose. The more SBD can reach the outside world, the more likely it is that the outsideworld invests in SBD. its sort of like wall st. They sell financial instruments and that cycle creates a predictability of money that is the engine to the world economy.
Totally. I do see a few great incentives for that cause, such as a steemstore where you can buy products directly with steem (can't remember what its called), but also the fact that there's slowly becoming a whole range of social media mimics; twitters, youtubes and so forth all linked to steem blockchain, which I think is fantastic, or would be if they weren't so clunky... one day!
One day! I have a blog that im going to put out soon once i review it 100x, but basically, my point is that there is a lot of inflated money, and not enough stuff to spend it on! That creates people who are willing to do anything and if you have anything as the basis for a payout, you will get crap! We litterally have too much money right now. How nuts is that.
Heh yeah. One of the things all these alt coins suffer from is the fact that they have no inherent value. Their only value is based on what investor decides to pump money into it for 20 minutes on any given day before pulling out again. That's it, really. They all promise a service but until one comes along that you can actually use, like, as currency, then it's just ponzi. Steem I think has the highest chance of proving it has value in the real world, I reckon