RE: WTF: Learned Something Just Now About Steem.
I really think that if people thought of it as normal social media instead of thinking of it as Social Media that Earns You Money a lot of the biggest problems would fade away.
No matter how much we smooth the learning curve, there will always be maximizers trying to squeeze every last drop of blood from each SP, and keeping the incentives correct to account for that is what drives most of the complexity.
Most. Some things are complex for complexities sake. Like PAL miners that give you PAL... and PAL 4x miners that give you 4x PAL. And why is it better to stake those than just stake PAL? The argument I saw was 'mining and staking are treated differently in some tax regimes'... okay... so calling it a miner makes it a miner? It's still staking!
This comment is a mine. If you upvote this comment, your mining activity will grant you freshly minted SP in one week's time. Tell your tax adviser it's mining income.
(not financial advice. not legal advice. not even advice)
I agree. I've always advocated that STEEM would be better off if the upvotes were displayed in STEEM instead of USD. Further mentally separates the money making aspects.
Great disclaimer, I'm using that from now on haha.
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Absolutely agree! STEEM is the native currency and all rewards should be shown in the native currency - and it's not even a real $. Upvotes in STEEM are relatively stable and change slowly, depending on global parameters such as the reward pool.
🤣 🤣 🤣 Not even advice !! 🤣 🤣 🤣