That’s true. But at least in that case it’s a virtuous cycle. More people buying steem and powering up means more demand, less supply, so higher prices.
That attracts more people with more money.
On top of that since content has to be created to make the whole thing work we at least get a larger pool of (at least decent) content.
The flag war with haejin has shown the community won’t stand for bad content after a certain point.
I've always wondered what the alternate case would be. Suppose investors bring outside money, but the content doesn't improve. What then? You're right that there's just gonna be more shitty content. But people are going to either bounce or the steem blockchain is going to move on to bigger better things.
It's so easy to make a half ass account on steemit and spread positive vibes and spout advice (that's what people all seem to do here) that it's always going to attract mediocracy when it comes to content. There needs to be a point where a group pools together a large amount of funding together and properly upvotes things. Or an aggregate website exists.
I brought in a lot of my own money but not because of steemit. I like the concept of the blockchain more than this social media website.
I get where you’re coming from, but mediocrity is always going to rule the day. Because the majority is mediocre - by definition. Look at the content on Facebook and twitter. Mediocre at best.
There are efforts like @curie to find the best content and put some weight behind it, so there are definitely people out there who agree with you. It’s just never going to be a majority.
The great thing about the blockchain is that you could build your own interface and create the curated environment you are looking for. Just off the top of my head it seems like you could build your own weighting mechanism to replace /trending or /hot with a list that weights votes by a voter’s follower count or some other quality score.
that is what i think the end result will be, the only difference is, why cant it just happen here on steemit? or should steemit be the totality of all steem blockchain content that is ever published? If thats the case, then steemit shouldn't focus on the communities aspect. Instead they should let communities build themselves.
Thats something ive been interested in doing for a while, but the problem is, there arent any good writers here...yet. perhaps its a motto of "if you build, they will come".