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Being able to monetize in a similar way to youtube, twitter, instagram etc. is crucial for getting and keeping influencers here. If the steem upvote model worked, we would have much better results after 3 years 'in the wild'.

Agreed monetization has to happen but it should simply go towards covering costs and increasing the value of steem itself. Not as a rev share depending on how many views likes etc I get

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My contention is that if money is awarded to better blogs, it will attract better influencers, who in turn will attract large audiences, which will in effect make the price of steem go up as the pool of people involved gets that much bigger.