RE: MONEY CANNOT REPLACE INTEGRITY: Why I Still Vote According To My Inner Compass Instead of Max ROI
Brilliant, and totally on the money. No pun intended.
It just goes to show that there are two schools of thought here... which is a realization I have slowly been coming to. There are those who see Steemit merely as a giant cash dispenser, and those who see it as a social content platform. You and I happen to be part of the latter...
All that stuff aside though... communities are built by PEOPLE, not by code or bots.
Let's think about that, for a moment. THAT also means that the whales who are into "maximizing their ROI" are also directly sending their long term prospects down the toilet. Why? Because Steemit will never become more than a small niche venue if it's dominated by automation rather than human generated content... which means it will NOT become "the Facebook killer," which in turn means the long term value of the Steem token will be lower than on a site that was organically people driven.
Implication: For the whales who are "cash now" focused... you may earn your $1000 a week NOW, but watch your $800,000 holdings decline 3-4% a month till Steem is worth... about as much as Dogecoin.
Exactly my thoughts on this issue. The value of steem would so drop drastically if this type of issues are dominating. The main reason most people come onboard steemit is the fairness being preached "get rewards for your post". Its discouraging for us minnows to be compelled to use bots to get attention or rewards after going weeks without votes it leaves us little or no choice but then to know these bots are fuelled by greed of some whales is so annoying. Steemit active users are few for this reason : the few rich keeps accumulating money greedily here forgetting this is a social media platform if majority feel sad or cheated the steemit vibe wanes and no new investment comes in and the price of steem crashes what then is the gain?
Please someone give us a better solution then the greedy suggestions of @snowflake.
You are not realizing one thing though.
Steemit was recently made it's own entity.
For the purpose of moving forward with SMTs.
Your post is admirable and would have made sense before the re-branding. However the game has changed dramatically now. Steemit Inc. have realized that the STEEM blockchain and the token is the real value. Not the steemit community. It's hard to swallow for those that are here thinking they found utopia, but truth is truth.
From an investor's perspective, the fact that they have realized the power of their blockchain and token is actually a good thing. If the token remained tied to this platform it would have kept going down. The SMT model now actually gives it new found freedom and possibility. If they roll it out right and successfully sell it to other platforms, the price of the STEEM token will see good growth. I'm not about to throw a lot of money at it but I am doing much research and watching progress closely.
You are right in thinking that there is value in the token existing below $1.00. You are wrong in assuming steemit determines it's future. In all honesty, people should start to see that steemit.com was more or less a test (hence beta). One which will continue to be managed and improved, but it certainly won't be the platform that takes on Facebook and such. Or the perfect alternative. It should be quite clear: You got to pay to win around here.
The blockchain/token phenomena is barely in it's infancy.
The future will give rise to many new platforms. It already is. Appics for instance, has a very noble vision. Indahash, another that (although broken) aims to set the new standard. In time, the place that you describe, and that which is admirably longed for in stellabelle's post - where the BEAST known as GREED is kept safely at the gates - will probably become a reality. That does not yet exist though.
BUT, this is just my opinion. Anyone wanting to reach their own conclusion should do some research. There's always more to a story than what greets you on the surface. Informing yourself is very valuable.
great insight. I would be happy if something really cool was built. I am not picky....as long as my steem investment is not a waste.
My exact thoughts:
You are very well articulated on this matter. I appreciate your insights.
Very well said @reddragonfly!