I'm glad at least someone read it, lol. It took quite a bit of thinking to figure out what is being sold when people buy steem. At first I thought it was a ponsi, and if it fails in a business sense, I think people will look back on it and think it's a ponsi. But if it's to be successful, people have to value attention over their money.
If they don't, people will just power down their vests when the market inevitably declines, and the market will go into freefall and possibly default on SBD. But I think people will enjoy the experience and attention more than a small hit to their wallet. And the biggest hits to their wallet will come when they aren't paying attention (not posting), so they won't withdraw then. When they come back, they'll enjoy the attention again, and still won't withdraw.
I'm glad at least someone read it, lol. It took quite a bit of thinking to figure out what is being sold when people buy steem. At first I thought it was a ponsi, and if it fails in a business sense, I think people will look back on it and think it's a ponsi. But if it's to be successful, people have to value attention over their money.
If they don't, people will just power down their vests when the market inevitably declines, and the market will go into freefall and possibly default on SBD. But I think people will enjoy the experience and attention more than a small hit to their wallet. And the biggest hits to their wallet will come when they aren't paying attention (not posting), so they won't withdraw then. When they come back, they'll enjoy the attention again, and still won't withdraw.