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RE: Response to Coindesk Article “Steem Provokes Doubt of Market Observers”

in #steem8 years ago

I understand you addressing these concerns completely from the view of crypto land. Isn't Steemit far more than crypto land? It almost feels like you've been backed into a corner.

The implications of a stable currency, the implications of mass adoption, the implications of building a community that entirely focuses on adding value to one another. You've addressed the concerns of an article but I almost feel like you've failed to mention what your solutions to those concerns really mean.

With a stable currency people use, you can potentially replace existing economic systems with crypto currencies first and then in the fiat world.

With mass adoption... through something as trivial as a 'social network' Steemit has the ability to potentially gain enough traction to replace the current economic models of capitalism, socialism etc... with some kind of virtual social capitalism.

When people continually look to add value to each other we start to see the 'reverse crab analogy' where the more we help others the better we do, @rok-sivante has expressed this point brilliantly in a few articles recently. Notably where he describes his transition from a 'scrooge' to a 'value servant'.

So... well… screw crypto land... if I'm not just being brainwashed into the validation of an up vote that's worth money, then what I'm seeing is the potential to truly change the world for the better.

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I definitely agree with you. Because of Steemit's upvote system, we are developing a mindset to add value to each other in this community and stop crab mentality.

This is actually a good idea, but either way, I think Steemit is going to the same direction even without the recruitment incentive bonus.

Yes, I agree :)

That would make Steemit grow exponential but if it's already growing like that then why rush that?

Most likely if they did decide to implement this, it would not be something that would happen right away. It would probably take 6 months to a year for them to develop/implement. It is a well known goal that the community wants this to take off and become the next Facebook, reddit, etc. The current growth is amazing as it is, but something like this would help take it to the next level.

I totally agree :) I wanted to write something similar, but you did it better!

Thank you @dan Thank you @wingz

I really enjoyed your post @dan ! It's awesome!

And in the article, I want to know why they think it's illegal. They give no explanation to their opinion.

Great post !