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RE: Steemit is a Sharecropper Plantation
Let's take that example you just made to illustrate another aspect. Steemit is already suffering from some pretty good spamming with very low quality content. Wouldn't it stand to reason that the steemit's future may crash if they are able to process new users even faster and all of these users are in what we would consider extreme poverty? If we are supposedly too well off to produce cost effective content, what do they expect to achieve in a 3rd world country? True, I'm sure someone would make worthwhile content, but the mass majority would post nonstop nothing-burgers waiting for whatever they could get. Maybe I'm just too priveleged to see the motive in those markets other than taking advantage of low rewards.
I'm guessing is, they really don't want quality content.
But, if they can make the right bots, they can possibly enforce it.
I'm more of the persuasion that in those markets the equity in Steem would be lost because the VAST majority would be compelled to take out their SBD rather than convert it. Wouldn't you agree? This must have also been anticipated by Steemit, if not it would be a gross oversight on their behalf...
Except, conversion to Steem is the only way to get your self upvote to really pay out.
See, that's where you err. You are thinking from your own financial perspective of wanting to create wealth, not just subsist. I have already made enough to feed one of the 3rd world citizens for at least once a day for two weeks(It costs only 20 cents to feed one child a nutrient-rich serving of Plumpy’Sup®, a nutritional food supplement). Ergo, we can only expect them to cash out at any opportunity to help themselves and their countrymen. Wouldn't you do the same?
At first, they might. Then they might realize that if they save enough they can't get out of their hell hole. We are talking about people who would have enough knowledge to actually given themselves the opportunity to find Steem and figure out how to use it.
Possibly. We won't really know until it hits there. At this stage it's all conjecture, but I would hope that they would attempt to escape poverty. It's easy to say they would all bank on their future when your own future isn't very bleak. We don't really know their perspective yet. I started out the post from the perspective of the current western user and how we wouldn't allow this kind of labor for the likes of an iPhone, but content creation... Ah, that's good for those poor 3rd worlders... a great opportunity for them. I do see your point of view in every aspect that you've raised. We will know how it goes in due time, but if we look at the economic migrants that have flooded Europe as an indication of how well Steemit will be received its a poor delegation of the resource pool. But again, all just theory and conjecture from us at this stage.