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RE: Promoted Posts: Will it work? If not then what will?

in #steemit8 years ago

It isn't a question of "will it work", the answer is not binary. It will add to the overall ecosystem without taking away from anything. The market will naturally establish a price for the promoted content tab and that price will be based upon the effectiveness of the tab. One thing is certain, the price is greater than 0.

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agreed, it is definitely going to add value, thus is a good addition to the community. My idea with this post was to look into the question of liquidity in a longer run, so investigated it's effectiveness in those terms. But it's good to know that we're working not with a sole goal of liquidity but also making the community more democratic.

@dantheman how about a system that will award more for finding out good content out of low reputable users than betting on the same steady trending authors. It would be something like betting when you play in favor of a team that constant wins the championship vs the outsider. I think something in the lines of that will benefit steemit the most. And will make it fairer for those that have some great and original content as they will be more likely to get a vote or two more in comparison to what is happening at the moment. We tend to be the "dollarvigilante" land.

sincerely @skapaneas.