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RE: Steemit: Business or Pleasure?

in #steemit7 years ago

I think we have seen the business side already, in several forms. We've had investment syndicates on the trending page for awhile, getting upvotes for junk posts, to provide ROI for the investors. There are writing syndicates, where authors get paid a nominal rate for a post and the syndicate gets much more. There are the bid bots, profiting from authors that want to increase their visibility. And from the folks that delegate to those bots, but get much poorer returns than if they actually curated posts themselves.

With the current code, it would be straightforward for business competitors to crush Steemit with the bid bots. For a few million invested in SP, they can command the whole reward pool, making Steemit a place where nobody wants to be. They would lose those few millions as SP declines in value, but that's cheap compared to buying a company, and a way to deal with a distributed system. I'm open to the idea that's some of what's going on even now with the bots.

Even if business just gets on Steemit, to use Steemit as a company blog social media, what would that be? An endless stream of commercials. Who wants to be here for that? Nobody even likes that for Facebook or Twitter. We've seen this on Steemit already, too. Folks got so tired of seeing hotel booking dot com, lol. The Steemit audience size doesn't seem to be worth it to a business yet, though. There's not a focused market that's large enough. With communities, that should change. There will be identifiable groups of people interested in specific topics.

Lots to think about anyway!

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Even though I wouldn't wanna see Steemit becoming a 'business platform only' - elite style -, I do believe that something good could come out of something like that, like charities [as I mentioned before], or monetary strength. Why would it be just 'commercials'?
And as I said, it depends on who posts in their [investors'] behalf after all ! It doesn't have to be junk posts, I just question the way it would work, if...
I'll agree about the size - but what if big investors can actually increase that size in the end...?
Indeed a lot to think about ;)