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RE: Quality of content on Steem?
Hopefully we see a lot of quality content. Having been active now for almost a week, it tends to self moderate, the stuff that isn't 'quality' doesn't tend to get up voted / looked at, but then again as stated quality is subjective.
I think the best thing that can happen is getting quality content in, and retaining those who produce it. Having said that, there's a niche for everything!