My two cents is that this might be a misdiagnosis. I think there are a lot of variables that go into the situation we're in. There are a lot of assumptions WHY things are the way they are, and I think it may very well be that there's a different reason than those assumptions. I suppose we'll see.
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Indeed, steem is many different things to many different people and it's never been done before.. That is, monetizing social media which is notoriously brutal without the promise of crypto rewards.
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