You are viewing a single comment's thread from:

RE: Why is my introduction worth $100? - Explain to me like I am 12 please.

in #question8 years ago (edited)

A ha! We are not like a centralized company. This is a community project. We get hired to build and maintain the site but the community purchases the "sock" in the site and decides how to allocate it. You're going to see this craziness but it is the will of the shareholders. They have a window now for which they can update their vote before payouts begin so (like holding a stock) over time the actual payout may be different.

Also, many of us really value early adopters. I see the high paying intros like a reward, it can be a bumpy ride. We are breaking in new technology and it is essential people are encouraged to be brave and try it out. It is more entrepreneurial like, you can win big but you can also have a bumpy ride. Well, just my 2 cents. The nice thing about Steemit is that it does not demand money from people so they really should not be pressured into taking on risk to use the service. It should be all profit for them; they can share with the big holders that do buy into it with the risk, large holders need lots of people to have network effect so they know they should share.

Sort:  

That was very interesting and informative to read, thanks for explaining it to me

I'm not sure there would be a better marketing schem than being rewarded so generously for an introduction post but even then the people are incentivise to vote because voting also rewards the voters and right now voting on introduction post is hot and this potentially means high reward.