Interesting post, @kevinwong, how would you view the steemit system of capitalism and do you think it is sustainable?
Upped! Namaste.
Interesting post, @kevinwong, how would you view the steemit system of capitalism and do you think it is sustainable?
Upped! Namaste.
I think if STEEM's price go up, it may very well turn into something I may want to call "friendly" capitalism lol. It will be sustainable as long as there's a positive net effect of people not minding to hold onto cheap currency and keep using the platform until it becomes valuable. Namaste :)
You have dodged the question, my friend! Capitalism is the employment of capital. The distribution of capital should be equitable thereby creating a fair playing field ... now you have the introduction...
I shall make it easier for you via a question: If this is a fair and transparent system, why is the value of everyone's vote not displayed? I know it changes which is why post payouts change. The fact that nobody can give a straight answer is telling!
Published vote values will embarrass the capitalism of steemit into reform. I have analysed it ... Let's hope! The true value of steem, right now, upon basic valuation models, should be 4 cents.
"The distribution of capital should be equitable thereby creating a fair playing field"
Then should the "accumulation of capital" that can be distributed not also be "equitable" by your logic of "shoulds".
Yes.
The simplest of answers! The accumulation of capital, in the case of steemit, was not performed on an 'equitable basis', causing an imbalance which is having an exponentially adverse effect, in line with the exponential imbalance of distribution. This imbalance is driving down the value of steem as a result. If the structure is not equitable, the enterprise value will always be compromised. It is a self-defeating imbalance of leverage.
It wasn't dodged as I'm unaware of what was previously asked :)
If I understand it now correctly from your question, are you talking about this? (screenshot)
For larger size: https://postimg.org/image/rb80e8l3j/
Yes, this should be visible behind every vote! Then we can see the steemit capitalism exponential curve for what it really is!
I see! Other than for UI / UX reasons, the info is still available at www.steemstats.com - I don't think the curve is going away anytime soon until they solve the issue of 1 user = 1 account, or somehow require some form of identification. But kinda difficult since they allow for anonymity as well. Would like to see other social coins beat this model without being a pay-to-play scheme hmm..