RE: Meet Steem's #1 Author! by valued-customer

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· @valued-customer ·
$0.45
No investors will buy any Steem unless Steemit will grow, so the platform needs to be able to resist scams.

Satoshi did exactly that, and whoever he/they is, he's got a lot of BTC now.  There are no 'dividends' from hodling BTC, and no use case beyond it's original novelty, unlike Steem, which is driven by Steemit.

I know you are one of the old guard.  I know you are dedicated to making Steemit become a platform capable of crushing Fakebook.  I don't know why you consider my comment to be aimed at ONLY you, as my response to you was intended to extend the information to the wider audience that will read them here.

I just think that making sure that people have the information I included will help them to understand better how Steemit works.  Most people, I think, still don't know that the votes they receive don't come out of the upvoters personal holdings, but out of the rewards pool, and that's an important distinction - particularly as vote sellers aren't selling their money, but the common resource we all depend on for rewards.
👍  ,
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vote details (2)
@teamsteem ·
Good points. 

I don't consider myself from the old guard but more like an early adopter.
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@silentwrath ·
Excellent post, thank you for this explanation.
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@cupidzero ·
Best easy explanation for how the reward pool works yet and very clearly defines how high powered self-voting decreases others' rewards (even if it is only a few cents from each user, the impact across the board is significant). And I think the investor issue is what should be pushing for a solution here, people don't invest in companies where they know abusing the company's infrastructure is tolerated, unless they plan on abusing it as well.
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@valued-customer ·
I reckon that those investors worth their salt understand the difference between cashflow now, and potential capital gains, particularly as regards a platform that seems to be so rife with such 'features'.

Cash, as they say, is King.
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