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RE: Has Automation Killed Steem’s Proof of Brain?

in #steem • 6 years ago

I have to agree with you and something has to change to show that STEEM as a lot more value than it is currently showing.

"Given that both complexity and scarcity are generally considered elements of value, I have to wonder whether the lack of especially complexity has hurt the value of the $STEEM token."
Here I have to disagree, or at least mention that in the "real world" the projects that are having more success and exponential growth are based on simple things, and many of them just seek to replicate "old" things.

6 years ago in #steem by
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     6 years ago (edited) 

    Thanks for your comment, @diogosantos.

    Hmmm... single use single purpose apps. How many apps did you end up with and how much that that actually simplify? [/snark]

    I do agree with that long tail though, yet that would be from the traditional investment angle. An angle also not necessarily compatible with the token approach, unless, of course, tokens are securities. I should maybe have specified that complexity/scarcity matter in crypto world (so far).

    Many of those single purpose projects also do not necessarily reach high valuation. The odd top of (free) apps list M&A to avoid could pull users away from FB not considered. But those apps definitely do often benefit early traction.