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RE: Downvote Pool Deep Dive

in #steem5 years ago

People... You are constantly thinking about one single thing, it's redistribution. Redistribution is not how the economy works. The economy is about additional value.

The only question that you should solve is how to make Steem more valuable in USD.

According to everything we know, it means that you need to either:

  • get more users on Steemit platform
  • spread Steem token to platforms that are able to attract users

It's the only thing you should care about.

Imagine If you were VW. Golf sales are not good.
Your solution analogue to this would be: "maybe we should put a real button here"

Wrong answer. VW stocks will grow up if they sell more cars, because VW is not Golf. So they have 30 models in their portfolio.

If someone doesn't want a Golf, they are not going to buy it no matter what. Maybe they want an SUV, maybe a sedan, maybe... Ferrari.

You need to change the product
Or to make a new product

Can you imagine pitching this idea to an outside investor? Or to famous blogger? "We are hosting the platform that you didn't care about for 3 years, but now, there is a new feature - downvotes!"

Please, test on 1000 subjects, and tell me how many of them joined

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Haha nice analogy. I can't see how this possibly brings in more new users than it drives away, which means it shouldn't be considered.

Funny how you are everywhere in this thread saying the same things.

Reminds me of you in 2016 copy-paste spamming the same comments over and over. :)

Seems to me the only people complaining are those who know some whales will unleash their furies on them. They are only being kept at bay because downvoting cost them profits right now.

the ww is a of the best cars in the world

Ok, fact check.

How many BTC wallets exist?

It that number comparable to Steem users?

Let's check trading volume,

Bitcoin is counted in tens of billions for BTC and the worst is Cardano, 60 M

And let's check Steem

Hm... Only millions. Not good

The white paper talks about creating a better economy than Fiat and it's not about extracting rewards but powering up rewards

Reference please and equation please?

No. of wallets = correlated with the number of users = correlated with the noise those people create = correlated with the price

Why USD is stable and accepted as universal? Because 5.000.000.000 people know about it and use it.

Would you accept to make a business with Zimbabwe dollars instead?
Why, because nobody has any clue about that currency = it's not stable

problem that steem is solving is all predicated on what crypto is and isn't, and crypto is about removing the financial reins from the bankers

Wait... There is no problem. Banks are working fine. I get my salary on time, I can pay from/to the opposite side of the world, I can plan 30 years ahead. There is no fundamental problem, there are some aspects that could/should/will be improved.

The world is functioning without crypto, keep that in mind.

Can Ripple improve it a bit - yes.
Can we implement crypto in administration - yes
Gain more freedom in trading - yes

Should we replace FIAT with Crypto?
Unless we want a war that would last for 100 years across the globe - no