I did a skype interview on this subject last year. It is all about shareholders vs crypto account holders. In essence by gifting rewards to content providers you are robbing the shareholders of their earning potential. On other words this will either go 100% right or 100% wrong and the only way it will go 100% right is if there is a shift in investment strategy by the BIG INSTITUTIONS. Stephen
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Ohhhh hey, never thought of that - it sounds as if that would be the case, and if true it would be our greatest protection. However, if they created a chain-based currency, or "rewards token", (only to track upvotes/downvotes/tips), where people who 'held' the currency would have more upvote power than those who had very little AND, no money would be leaving Facebook coffers .. as was the case with their failed Rewards System, that they had attempted .. then there is no barrier.
In-fact, the value of the currency increasing with adoption and usage, as STEEM is supposed to experience, would add to the bottom-line of Facebook, so it is truly a win-win .. more users, happier users, and implementing a cutting edge blockchain-based technology, that adds to their bottom-line .. in a substantial way, with absolutely no risk!?
It is shocking that they have not already put this in motion.