I guess we all determine values. But did someone really think it was worth 10$ or is Steem an imperfect distribution model?
It is imperfect, but at least it is somewhat community driven. Sure, some accounts have much more say than others, but on YouTube for example, one account has all the say.
Good point about Steem being community driven. I do like watching YouTube and rarely watch anything on threespeak or dtube. However I've seen oc YouTube videos uploaded to Steem that got 10$ payouts with like 10views on YouTube. They were super cringey at best, very poorly made, and I was surprised I managed to get through them.
There is probably on a sliver of watchable content on YouTube, it is just that the algorithms push that sliver into the eyeline. I am seemingly too old to sit and watch YouTube videos for anything other than specific use case needs. I don't get how people sit and watch video after video endlessly. :D
I queue up the videos and cast them to the TV while doing other stuff around the house. But yeah good point about the algorithms.
The autoplay improves their statistics a huge amount. Funny how it is auto enabled ;D