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RE: Is Steemit In An Economic and Social Death Spiral??

in #deathspiral7 years ago (edited)

Hi @stellabelle,
I am using steemit for 2 months. And maybe I am still half outsider. Or maybe the greed took me too, and I am lost…
My experience - When my account was approved I made a post and the first thing first was comment: ” I up voted you, please up vote and follow me”, and again and again. And I did not like it even when my SP was zero. The feeling was that I am showing too late for the party. Great opportunity that I missed because I did not know about it a year earlier. Maybe many people have the same experience. And they make noise (SPAM), because they did not know a better way.
I decided that I will never beg for vote and will not play the game “I will follow you if you follow me”. I started to post my videos from YTB and after 10 days I made 0.
My conclusion was that no matter how good your post is there is too much noise (SPAM) and I need reputation. I started to watch the bots. I am not great writer but I am good in finding patterns. I learned when and how to use them to maximized the effect. By the way you made something nice for me when I went to a whale a month ago and asked for a micro loan. Thank you!
Now what is the problem?
Concentration of STEEM.
Too much STEEM in few people. They cannot cash out. If they try the price of STEEM will go to 0. They can’t effectively curate thousands of users it is not humanly possible. They are overloaded and this is the reasons the small users think that it is extremely dangerous just to talk with a whale. And If many users become disappointed, the millions of STEEM are worthless, just a dust in the block chain.
What is the solution?
Many I mean MANY people with big enough vesting interest. If you have thousands of people to defend the block chain new spammer or scammer will be located and punished in hours. Bad posts will be obviously negative for the authors.
How?
The bots. It is ugly and unfair. I feel it every time. But with time even with the bots the natural selection will choose who will survive and prosper and Steemit will have its middle class. Strong middle class (many, many dolphins ) will cure most of the problems.

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i can't remember what i did......
your observation is quite good....a large middle class is the answer, i think.

I asked for 2 SBD micro loan. It was to small for neoxian. You upvoted me with your full VP it was nice. You did not said anything just helped me.

Ha ha....it's nice to hear i made a difference. I learned from papa-pepper something vital: "it's our job to help others when the opportunity arises."

Yes, and it was about time for me to say Thank you!