Advertisement is already here on steemit as mainly in the form of bots, as we can see many blockchain apps and alt coins are doing lots of content marketing in different ways. SO we can say Steemit has already started a different form of marketing tactic.
But I have a feeling that steemit should apply different function for that already existing but almost dead promoted feature like embedding those promoted posts inside other posts / news feeds and other possible placements so that it could redistribute that money to users in future instead of throwing away to bid bot owners who don't really cares about platform but only profits.
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