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RE: Open letter to fellow Investors

in #lif6 years ago

I think that you make a fairly compelling case about Steemit in terms of Investor involvement and the use of bidbots. But what I find particularly interesting is the proposed introduction of a 'Steemit 2.0' based of EOS technology. From what I understand, Dan @dan and co. have amassed a rather sizeable financial warchesss and have generated a good deal of interest among investors within the tech startup community. Having been a primary player in the development Bitshares, Steemit, and now EOS, @dan has built a strong reputation within the crypto space. If EOS progresses as envisioned, he will have have the advantage strong brand recognition which should in turn make Steemit 2.0 appears as an attractive investment opportunity. If a good rewards distribution algorithm can address the problems currently facing Steemit and problems associated with new account activation, then it should follow that an EOS implementation of the Steemit model should see significant growth and attract large investments. This should have the follow-on effect causing Steemit to up its game or face being eclipsed by Steemit 2.0. Competition is indeed a good thing.