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RE: Will Steem succeed or commit suicide?

in #steemit7 years ago

Show data please.

Show me a current chart of the one I posted earlier, in reply to another comment. I have asked @arcange for a new, post HF19 chart, but receive no answer.

Social media needs to be useful to everybody, not just salespeople. While people that market themselves successfully can succeed in business, ordinary people just posting the stuff they post are the market for Steemit. This isn't supposed to be a marketing platform, but a social media site.

The rewards, as you point out, increase as folks gain followers. But, as long as bots, collusion, and punitive flagging exist, those rewards are going to continue to be concentrated in the accounts that 'game' Steemit for rewards, rather than to post ordinary content on social media.

This is not what the white paper lays out. Indeed, the white paper says

"In the real world, algorithms must be designed in such a manner
that they are resistant to intentional manipulation for profit.
Any widespread abuse of the scoring system could cause community
members to lose faith in the perceived fairness of the economic system."