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RE: It's Starting To Get Crowded: What Happens Economically When It Gets Flooded?

in #steemit9 years ago

that helps. I guess I don't see how it will work long-term. If bloggers end up just making pennies, then i can't really see much of an advantage.....maybe some more knowledge....
Also, will it be ad-free? Are they going to think of adding advertising money at some point?
Thanks for the fuck comment. I was told that i offended someone, it's not the first, nor will it be the last, but i am so prim and proper in my online identities, that i'm just sort of fucking sick of the facade. I love to cuss, it's one of the few addictions i have left after having given up drugs, alchohol, fantasy addiction and Facebook.

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As far as ads go I don't know. It's been discussed on slack but I've never seen Dan or Ned actually talk about it, just others guessing what could happen. Perhaps those two have discussed it and I missed it. One thing I can tell you is that Dan will adapt to whatever he thinks will work best, sometimes that doesn't work out so well as it changes the rules many have played by. This past is now why you see the reward changes causing lots of discussion. No one wants to see Steem go through what BitShares went through. So we shall see what he comes up with. I personally like that he adapts new strategies, but I also don't like to have to relearn new rules repeatedly. He seems to be very aware of how others feel now and more willing to listen to their input, not that he didn't before, but now it's different than BitShares. We all have a bigger stake in this, not just monetarily, but as the soul of the system so to speak.

If bloggers end up just making pennies

Keep in mind that the #'s we're talking about now are "if" the market cap stays the same. "If" the market cap grows to $100 mio, $500 mio, $1 B, then the daily payouts will be much larger. So that's what we all need to do is make that happen by bringing in more people, improving the platform with great ideas and creating a demand for STEEM.

Since so many people are hodling STEEM in Power Up (vested STEEM) there is not much on the market to buy, which means as people buy the price will continue to go higher, which increases the payouts here for post. :)