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RE: Getting smart with Smart Media Tokens: My review dissected for all readers

in #steemit7 years ago

Okay...

So, let's say I'm a Steemian who engages frequently with the community.

It's Day 1 of using the Tokens.

Let's say as an initial trial I've been given 20 tokens, valued at $20.

Now, I'm converting $10. into penny increments for upvoting.

What would you suggest doing with the other $10?

Or would you do something totally different with the whole $20.

While you say it's not about minnows and whales, respectfully speaking, whales have far more SP than the average minnow; thus, more power to invest in tokens.

I suppose the bottom line is: It sounds like in order to take advantage of the tokens, one has to be willing to buy STEEM with SP they already have; and/or put their own dinero into STEEM.

For the first time, it's sounding like a pay to play scenario; which makes my antennae go sky high.

I know it's legit; but, I don't know that everyone is going to benefit, especially if they have to come out of pocket.

This sounds like one more level to benefit the whales.

All that said, I still think Steemit is the best platform that's come along in a long while.

However, this new 'twist' makes me realize my first precept on joining: Generally speaking, blogging is not a service that people will buy.

It's not like I need new shoes...I pay...receive product.

Thus, I knew that eventually they'd have to find a way to involve the community or funding by advertising in supporting the platform.

Peace!

Sort:  

Exactly my concern but much better presented. Still trying to wrap my head around the benefits of this to current SP holders. How does the token use by third parties benefit us other than the "potential" increase in the value of STEEM. I'm all in on your last line of text. Ditto.

Yep....

*other than the "potential" increase in the value of STEEM

It’s not a negative; just business…

Steemit will not survive without generating new revenue. Eventually, investors will want to know what return they’re getting for their ‘support’.

It’s just reality in the world of capitalism.

CEO couldn’t come right out and say, “Lookey, here…enjoying your blogs and everything; but, I gotta find a money-generating means to fund this feel-good site.”

Peace.

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