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RE: Steemit... 'Is it Communist, Capitalist, or Maybe Both?'
Property rights are definitely individual rights and the under-pinning of western civilization. However, many of us who oppose bid bots do so not because of macro-economic capitalism v. socialism concerns, in fact, it can be argued that bid bots are ANTI-Capitalist and forced-redistributionist...i.e. more like a socialist command economy system. Many of us object to the anti-quality-content impacts of the practice.
That is interesting. If the Steemit code is set up in such a way where the largest stakeholder is the one who can dictate where more rewards go it kind of makes sense, because it is an incentive to purchase SBD. Yet, if you remove that where is the incentive to purchase SBD? Ergo, if there is no incentive to purchase SBD then who would purchase it, and wouldn't the value of it remain stagnant? I would posit that if you take capitalism out of Steem you'll end up with another doge coin.