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RE: Does Steem have a Tragedy of the Commons dynamic?

in #economics3 years ago

I go back and forth on that. I'm mostly inclined to agree, but there are some things that make me wonder. Among other things, someone must have spent a lot to plug the TRX rewards into Steem; and also, Steem could still be a nice complement to their other properties. Connecting Steem with embedded DLive videos and BTFS for image storage could be a force multiplier for all three. In reverse, Steem could also carry comments in the Dlive app to provide extra rewards on the DLive platform. There is a lot of untapped potential there. It's just hard to guess from outside.

And back to the bidbot topic, this is interesting: [SteemPunks] The 1st Generative NFTs are coming to Steem!.

So on one hand, upvu is subsidizing all this vacuous content on the chain, but on the other hand, they are also innovating. On one hand, this seems good, but on the other hand, I suspect it's going to subsidize even more vacuous posting.