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RE: STEEM Video - Market Fundamentals & Values Perspective
I think it’s another example of people valuing different things. For some people it’s a plus and indeed a duty that downvotes happen. They see it as a necessary check on abuse of the reward pool. Others may see it as abusive to organize people or bots to enforce a personal idea of what has value.
It will be interesting to see how the two perspectives get reconciled. Also to see if we can determine what actually benefits the platform most.
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It surely is a matter of valuation difference. My concerns are 1) everyone needs to understand that the work approach is not based on proportional value; 2) copyright law and the ToS are being broken for the sake of currency redistribution.
I'm observing the platform as a social experiment. It will evolve organically, if not through legal pressure, which I doubt would happen.
My recommendation: buy the bid-bots, if you can't build one yourself. I've seen operators cashing out $10K in a month. That's where the money is!