As a guy that was already leading / owning communities on pre blockchain platforms that rewarded people for the content they contributed I was eagerly awaiting this BUT this is now too late. We have communities by the tribes / tokens on steem-engine. I do not see any need anymore. Not that I am fan of the @aggroed clan but they handled this already.
The issue we face is the Steem prize even this Blockchain has great Apps and is awesome as a Blockchain.
Question is: Who needs the social media content rewarding part as "steemit"? It is per design never fair! Get rid of that and focus on DApps running on steem. We do need investors NOT masses. We need masses for DApps on the chain but not to create content. The content platform is fine but stop the reward part of it. The niches / tribes can cover that content rewarding part.
Just my #2cents
It would be so much simpler if dApps and businesses demanded STEEM to have their product on-chain and then could reward that in tokens that they themselves need to sustain the value of, rather than just printing STEEM and hope that somehow it attracts more value than it dilutes (it doesn't).
Tribes and communities/SMTs are one way of doing it, but honestly you could do it with just liquid STEEM too with a model somewhat similar to what drugwars did except that one has a sustainable revenue model for bringing in STEEM that grows with the userbase (selling ad space for STEEM, letting people buy unique pro-features, etc, etc) which becomes the reward pool.
At least I've been trying to share the idea that what actually works on Steem can be done (imo better) without inflation-dervied rewards (communities should be able to distribute rewards however they like, but they should have to sustain its value themselves).
Honestly, this would not only remove the biggest value-leak in Steem. And the biggest turn-off point for investors (hign inflation going to rather meaningless things). It would also improve the actual social media and content discovery part, as people could finally vote more "normal" instead of based on what they hope will result in rewards. Looking back at the last 3 years and how much time was spent by clever people figuring out how to min max their returns from inflation through bots, rather than building attractive products... The time spent by author sucking up to whales rather than sharing their content and Steem externally to create a network effect. To me, this is perhaps the main issue with the stake-based reard model, that it only incentivizes people to share to those who know the most about Steem, rather than to those who have not yet heard iof it. This is how any other blog or social media has grown in the past, users doing the marketing and onboarding other users themselves.
That's how free markets work, you're right, that pumping more in didn't fix Venezuela, etc, and it's dangerous but better to let the users invest into it and reap the rewards. Well, technically, people have put money into Steem. But like you said, the automatic pool system might be a bit like welfare, Universal Social Income, socialism communism, Obama Robin Hood Bernie Sanders Redistribution of the original oatmeal or I mean the wealth, etc, etc.
I think you are completely forgetting one big point. All these Dapps are not going to help anyone if there are no consumers. So you need to onboard masses to use those Dapps and bring FIAT to those Dapps which then reflects in a higher Steem price. People buying Steem to speculate on the price (investors) are not what we need to create a stable ecosystem. We need apps and we need users.
True, but I see the investor part is more important right now. The masses will come if they see fun or added value in DApps but as long as the price goes down and no one invests many will see it as a useless scam - the thing is we have great DApps, we also have a good bunch of users - another cooperation with corporates that could be part of this blockchain would be cool, say a Samsung incoporates a "Steem account" when selling their hardware.
Users don't care about the value of Steem, they care about the apps, and care about maybe getting paid in USD or Euro from the apps. As long as the blockchain is not abstracted people won't use the DApps. (Similarly, do you care about the value in games which add micro transactions via gems?).
Investors is what makes it look like a scam since they bring strong volatility.
some good points I ignored since i am maybe too long here lol!
I mean for the short term, investors is what we need if we want to sell off our Steem for a decent price. On the long term we want users and apps to sustain the eco system.
what. no. wtf
Opening a new store on a desert town (hyperbole) is a shitty idea.
Sorry, without masses, no investors, it's that easy...
Steem needs mass adoption.
Have a great day
Tom