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RE: Don't Wait for SMTs to Start Building Your Steem App

in #smts6 years ago (edited)
I get the allure of “Steemifying the internet.” I don’t get why everyone assumes that giving away tokens for what most people do on social media is somehow going to make everyone rich.

You're right, that's a really stupid assumption. But I don't think most people here think what they're doing is going to make them rich. Some money, yes, but rich, not.

The simple fact that you can earn money doing this makes people skeptical in the first place, including in the crypto world. Steem is still not taken seriously. How does an extra layer of shittoken creation change that perception?

People underestimate the value of their time and attention. Social media use is but one example of an activity that could be tokenized on the Steem platform as we have already seen. Little streams of income tend to add up. In the current centralized model, all of the profits go to a small number of very rich shareholders. On Steem, the inflation mechanism causes ownership of the platform to spread out gradually over time. A lot of people continue to use Facebook and are very sceptical of decentralized alternatives simply because they have been conditioned to accept the status quo. It takes time for the crowds to get their heads around any new ideas. The vast majority of people simply never consider anything from alternative points of view. Not even reasonably smart people. We all tend to take the vast majority of things surrounding us as given.