That's also my understanding (as a newbie). But economists are trained to think analytically, to use "x ray eyes" to see through claims and explanations to what is really going on. This is done primarily by (1) looking at how the money flows, and (2) using "game theory" to see each person and constituency as a player in a game.
Well, I'm a philosopher rather than an economist. But I am trained in the analytic tradition, including a bit of game theory. You can't assume all the players know how the game functions, but I think it's safe to say that Ned and Steem.inc do. Once you understand that the the most important driver of the overall steem economy is more money coming into it, the rest follows pretty logically (I think).
Your vitae is impressive and makes my mouth water. Is it true that 100% human curation is critical, is essential, to both steemit and steem? I've been saying that, but what do I know? I'm just a newbie.
That's also my understanding (as a newbie). But economists are trained to think analytically, to use "x ray eyes" to see through claims and explanations to what is really going on. This is done primarily by (1) looking at how the money flows, and (2) using "game theory" to see each person and constituency as a player in a game.
Well, I'm a philosopher rather than an economist. But I am trained in the analytic tradition, including a bit of game theory. You can't assume all the players know how the game functions, but I think it's safe to say that Ned and Steem.inc do. Once you understand that the the most important driver of the overall steem economy is more money coming into it, the rest follows pretty logically (I think).
Your vitae is impressive and makes my mouth water. Is it true that 100% human curation is critical, is essential, to both steemit and steem? I've been saying that, but what do I know? I'm just a newbie.