RE: RE: 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!
You are viewing a single comment's thread from:

RE: 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!

RE: 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!

Do accounts run humans outnumber bots on steemit? Absolutely!
Do accounts run by humans in order to post quality content outnumber accounts run by other humans that spam the network? I'm not so sure. I have seen one mutually-upvoting spam ring with over 7000 accounts. Do we really know how many more like that there are?

In any case, whether or not bots outnumber humans is the wrong question in a stake-weighted system. One account with a million SP is at least as influential as 100,000 accounts with 10 SP.

Would we be better off without bots? Probably, but that depends on whose measure for success you use. By purchasing votes from bots, minnows and plankton are fooled into thinking that the enormous divide in wealth that exists here isn't at all to their benefit.

As things stand, without bots we'd be begging whales for votes. But wouldn't getting a $10 vote be better if you didn't have to pay $9 for it. The whale who delegated the SP required could have not made the delegation, and just given you the upvote. But why would they do that when we tolerate them setting up a system where we now pay for something that they could give away for free if they wanted. If you are an investor who does not worry too much about the future, what we have right now is working just fine.

Steemit is better than so many alternatives. But it can't just be slightly better. People won't abandon their personal social networks and existing economic thinking for what we have here right now.

I'm not being negative for the fun of it either. I'd love for STEEM and sbd be worth so much that I could just hang out on steemit all day and make some decent coin off my writing. But unless we address what is happening, right now, I cannot see that ever happening. Even free-marketeers who are fans of bidbots, such as @yallapapi can see that.

H2
H3
H4
Upload from PC
Video gallery
3 columns
2 columns
1 column
8 Comments