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RE: Gambling on the blockchain

The idea about making a technology that promoted quality content has been around for a long time - Slashdot's karma system for example.

Steemit has a strong libertarian ideology behind it and is a bit undecisive in what it has to achieve. I am of course interested in a platform that promotes quality blogging, but I also know that the hunt for money is a driving force in the way value is added to the network. I am here for the money myself at least partly (I am also here because I am interested in ways quality content can be monetised by the creator directly skipping the classical middlemen like record-companies, editors and gallerists). I think @felixxx wrote an interesting piece, but as everybody else I can only second guess what will work and I do think that no technology will force a community to behave in a special way - only the people involved can shape that - so like you I try to behave like a good citizen and upvote quality, but...

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It's going to be interesting to see how it scales. Ned wields a lot of power, but doesn't seem keen to take action on abuse. I've seen reports on where Steem gets distributed by official accounts and some of that looks dodgy. It can all come back to haunt them