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RE: ....I was bored so I decided to take a look at the Trending page, "Really People It's Over For Steem"

in #palnet5 years ago

Good article and I think your heart is in the right place, btw...

I think that there is one other major discrepancy inherent in the Steem Ecosystem (and any other that may try and emulate it) and that is we have a great imbalance between most world currencies. Steem is indexed to U$D in more ways than one, and this attracts lots of small accounts that simply siphon funds from the system. It's like a bucket with a rusty bottom and polished sides, looks good until you see it from the top. I do not know if such a design can ever be made to work properly. All the safeguards of "stake" in the system and having "skin in the game" and still, steem is collected and sold off for immediate returns which means "at the lowest prices".

This is a totally separate issue, and much bigger IMO. Yet much the same, as it deals with Human Nature, which at it's root is selfishness.

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