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RE: Be Careful, Steem!

in #steem • 7 years ago (edited)

Exactly. Some of the gentlemen in this thread are forgetting that Steem obtains value from proof-of-brain. No proof-of-brain, no value. No value, no archiving in the long run. No archiving in the long run, no voice in the long run.

The issue is that to have a visible voice here, you need content and stake, or content and have somebody with stake curate. That would work if the history of the platform was a bit different.

(For those talking about voice, ignoring rewards, etc . . . take note that even the founder, Ned, thinks the trending quality is lacking.)

7 years ago in #steem by
$1.21
  • Past Payouts $1.21
  • - Author $1.05
  • - Curators $0.16
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     7 years ago 

    Another important adding, thank you @tibra!
    I'm glad this statement is at the top of the thread now :)

    This it what the Steem white paper says:

    All forms of capital are equally valuable. This means that those who contribute their scarce time and attention toward producing and curating content for others are just as valuable as those who contribute their scarce cash. This is the sweat equity principle and is a concept that prior cryptocurrencies have often had trouble providing to more than a few dozen individuals.

    We're not seeing much of that in reality. But there are lots of new projects in the pipeline that might bring the needed solutions, just thinking about SMT Oracles for instance.