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RE: Steem - An Honest Look Inside
I like that take a lot.
Indeed, I was so worried and busy finding arguments against the 50% curation rewards that I missed this fresh view: why is curation in the consensus layer at all ???
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Everyone can see that high payout doesn't mean better content.
It's a little harder to see that high payout doesn't even mean high visibility.
Steemit makes it a bit more obvious by pushing those "featured" posts down our throats in the feed. If you use Steemit.com, Steemit Inc is controlling everything you see.