RE: Is Steem a ponzi scheme?
I'm certainly trying to use my voting power to incentivize good content and to deter the Ponzis, and also trying to spread awareness of the potential destruction and consensus about how to prevent it. That's what this post is about. If you think I'm right, please resteem or (even better) write your own post addressing the issue from your own perspective.
For Steem to survive and thrive we need its stakeholders to understand these elements of its economics and vote based on that understanding, so spread the word.
I also have some suggestions for how to refine the protocol to better incentivize good voting and make it harder to profit from abuse, but the protocol is just a tool for the community to use. As they say, 'a bad worker can never find a good tool'. If the community doesn't understand what they're doing then the protocol can't fix that, but if they do understand they can compensate for a lot of flaws in the protocol.
Excuse me for the late reply ! Of course I will re-steem your post, I was going to do it in the first place ! The problem was that I was going to miss your article, if I didn't look closely. So would like to suggest, if it is okay for you to add a picutre or something, because it really catches the attention of the reader. And also boosts visibility :) Just a friendly tip.
Proudly Re-Steemed ! I will also try to write something in the same lines, but todays article took me too much time, so I guess another day. I would be glad if you check out my new article - Blockchain Related ETF Trading On NYSE / Actively Managed ETF vs Passively Managed ETF I would really appreciate feedback :) I am open to suggestions, sir !
Thanks, I do need to work on my presentation/marketing. Done.
Thats the easier part. You have the writing skills, so I think it will be smooth sailing for you :)