Exford Capital just added this article about Steemit, on how it could reconcile the need for freedom of expression with the needs of shareholders.
This might draw a lot of attention from some venture capitalist with some serious capital! From what I can see, this is a direct result of the Fred Wilson blog post, since they quote him last in the article!
From the article:
Steem could prove to be a great example of how DAOs and blockchains can work.
As both a VC investor and someone who loves sites like Reddit, I found last year's Reddit drama challenging. How to reconcile the need for freedom of expression (which is central to the proposition of sites like Reddit and 4chan) with the needs of shareholders?
*Steem employs a Decentralised Autonomous Organisation (DAO) model to elegantly solve this problem, and a number of others. Its users are its shareholders, and are also incentivised (using a crypto-currency built on a blockchain) to create, curate, monetise and market Steem - all activities that would traditionally need to be financially supported by shareholders. While I believe the DAO model has its limitations, Steem is a interesting case study and I look forward to following its progress.
we have a good future, we need believe more in steemit
Indeed!
All right! Thus, and it attracts an audience. I also learned about steemit in the article of crypto-news site . This is good, more people will know about it, more people will draw the idea steemit.
Exactly - and this will show the Venture Capitalist that blockchain technology can be used for something totally new!
Thanks!