Personally, with the way things are configured today (sure to be changed tomorrow, for the better or worse is yet to be determined) this system will serve to only chase away new investors.
Sure, tons will join daily - investing only their email, phone number, and time/content. Yet the days of people pumping tons of their own money into it are most likely over (that is, to say; only those with the intend of screwing over as many little fish as they can while habitually self-upvoting themselves will be the ones investing hard cash into this Oligarchy).
The system of "flag other's content to return potential payouts to the rewards pool, then self-upvote to confiscate said rewards" IS being viewed more and more as not only a form of censorship yet also as an economy designed to take from the "poor" to give to the "rich".
I personally think @dan and @ned were well aware of this. Not only well aware yet also purposefully intended.
If they do not configure things to prevent bots from raping the system, to prevent those who already have a lot from abusing those who have little, I foresee this system suffering a slow and horrible death - much as someone with a flesh-eating bacteria would suffer as one's being is being eaten away little by little.
You are viewing a single comment's thread from: