Thanks for the good update about communities.
Yes, they are going to be a game changer and we already have a taste of it with Steem Engine tribes.
On the other side I really would like to hear from Steemit.com more solutions and ideas about the current problems with the POB mechanism which is working on steemit.com.
How do can we improve the quality of the trending page? How do we counter Bot abuse, circle voting, self voting etc...which are all problems also related to investors behaviour to get the most ROI out of their Steempower. Investors who only want to hold Steempower still need to mess around with content curation even though they don't have any interest in curating just to increase their ROI. You should think about giving an option for SP holders to get more ROI from the reward pool without the must to vote on low quality content.
These questions have been asked for months and still no statement from your team.
I hope to hear more ideas and solutions to the most important questions around POB and reward abuse from you in the future.
You are viewing a single comment's thread from:
Investors are able to achieve ROI in other ways than curating content. Investment has existed for millenia, and ROI from curation only since Steem. Folks seeking ROI from curation rewards aren't actually investors, anymore than KKR are. They're profiteers extracting the proceeds of the business Steem conducts before that value increases the value of the underlying investment vehicle - the opposite of investing for capital gains.
Profiteers decrease the value of the investment vehicle by extracting that value. They reduce the value of Steem, not increase it. We don't want more of them, or more mechanisms they can use to extract the value of the content creators produce, because they harm those that are trying to increase the value of Steem by reducing the value of their stake.
Capital gains has encouraged investment for thousands of years, and built great enterprises because investors sought to increase the value of their investment. Profiteers only destroy businesses. Capital gains FTW.
I don't understand why investors always talk about their ROI (and I am an investor as well)? Their main aim should be to increase the value of STEEM.
And the value of a (social) network is measured among others by the number of its users.
Did I need 'ROI' when I bought BTC some years ago? Or am I happy about the high value my BTC have nowadays? :)
Nothing against ROI, but I think we shouldn't be that focussed on it ...
Capital gains create ROI. The increase in the value of your BTC is capital gains, and also your ROI.
Yes, technically you are right ... however, when most people here are talking about "ROI", they actually mean "interest" in a way to increase their number of owned STEEM.
I wonder if in future I should replace "ROI" by "interest" or just describe in other words what I mean?
I note a dichotomy between the effect of profiteering and investing for capital gains on the underlying investment vehicle, and those are the terms I use. The former extracts the value of the business, and the latter is intended to increase the value of the investment vehicle, in our case Steem, creating capital gains.
Both methods create ROI, but the former destroys businesses, and the latter builds them. Throughout history examples of both methods demonstrate these effects, and the latter proves far more productive of ROI over time. This is why Warren Buffet is far more wealthy than Mitt Romney. Buffet builds businesses and causes the value of the companies to increase, while Romney sells the assets of the companies for profit, destroying them in the process.