I have hope in communities and would buy some tokens but the tag abuse is rampant and the post quality is terrible.
The airdropped was botched, you should have given tokens to people who were posting with the money, investing or finance tags. Not people who just had palnet staked.
This will likely be a community of beggars and speculation unless there is strong policing. Let's hope those incoming free downvotes are put to good use.
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We understand the concerns. Check our latest post: https://www.steemleo.com/steemleo/@noleo4u/steemleo-tag-abuse-or-why-you-ll-start-seeing-flags-on-steemleo-content
We'll be fighting tag abuse and I believe that every community on Steem that arises is going to have to do this as well. It's a simple fact that people will run rampant until you reign it all in and make it clear where the borders are.
I get the concerns with the airdrop, but the tokens will flow into the hands of those who are interested in investing. Of that, I have no concern. it will simply happen over time, especially as those who have no interest in investing find that their stake has little meaning here if they don't manually curate investing content/create investing content as we'll flag the rewards away.
Also remember that less than 2M tokens were airdropped to PAL users. We still have 3M in bounties to give away in the coming years SPECIFICALLY to users who are interested in investing and who are involved with investing communities ++outside of Steem++. On top of that, the inflation is set high so as to distribute to the most active users.
Thanks for your reply, I understand this more. I tried posting in money and investing but realized it's mostly TA junk and pumps on Steem. There are a some day traders and knowledgeable investors who post quality but some I mean less than 10. Hope Steemleo changes that.
FYI @khaleelkazi, I'm an accredited investor and am a little disappointed by this rollout and airdrop to non-pros and random people. Even if it's a small % of overall tokens, it's poor due dilligence. I reckon less than 1% of LEO buyers and stakers are accredited and that's not something to be proud of for an investment community. Better change that.
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Anytime. Yes I agree that there is a lot of junk out there and posts clearly designed to soak up rewards.
There are quite a few accredited investors out there, however, being an accredited investor is not a qualification to talking about investing, in my opinion. If you love investing but say, live in a third world country, should you be excluded from the conversation and accumulation of tokens?
Same can be said for a lot of other groups who also love investing but haven’t reached that coveted accredited investor title. I think one of the key sticking points of crypto is to get away from the barriers to entry such as accreditation. Its very possible that it’s less than 1%, but that’s just the way it falls for now. I don’t see how having more acc. Investors would have a direct impact on the content and discussion.
I just believe that the people who love investing will be encouraged to stake up and stick around while everyone else will be lead away to other communities. All I care about is passion for the game, not how much money people have in the bank. Hope that brings a little extra clarity. Again, I appreciate the feedback!
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Brilliant!
I'm not saying someone should necessarily be discluded because they don't meet the US definition of an accredited investor, unless they are American then they shouldn't be participating in ICOs.
What I mean is a whitelist or some sort of rating would be good. For example if you are a financial professional a special tag can be used. If you have a track record, a similar thing. Else I fear this will become a circle jerk of useless nonsense like some of the financial sub-reddits.
For now, I'll get my investment info from established sites on the web that don't allow just anyone to post. It will take some time for the dust to settle here if it ever does. For now it's mostly tag abuse.
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