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I can certainly see the appeal for investors in that case.

But isn’t part of the DNA of STEEM the incentive to develop content?

There's still incentive to develop content. All of us who value that will still be able to reward each other, at essentially the same rate that we can now.

We're just not holding people's money hostage to them developing content any more. It will be done by the people who actually want to, the content will get better because of it, and we'll be able to draw in more people who find it compelling.

Social media by itself is so compelling people use Twitter. I don't think we're going to lack for people who want to use the product if we make one that doesn't suck.

It will be done by the people who actually want to, the content will get better because of it, and we'll be able to draw in more people who find it compelling.

... and not pretend to, as it is currently on Steemit.