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RE: How Much Have You Spent on Entertainment in Your Lifetime?
You got it! Like Patreon, GoFundMe, etc. Steem is a way for content creators to monetise their content and for consumers to reward good content. Unlike most mediums the initial investment can be retrieved and with Steem a successful creator can in turn reward other creators without withdrawing funds to redeposit, which is awesome!
The biggest set backs in my opinion are, like you said, fake votes, via bots, rewarding lazy/bad content creation and hiding good content from the trending/top tabs.
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They would never put the late night infomercials and paid programming we see on television, in the primetime slots, and put the awesome shows in the late night slots... but that's basically what the paid votes do here. Any network on television would go under in a matter of weeks if they put the crap in the best slots. This is incredibly basic common sense stuff. Why those behind this disaster continue to hold the STEEM blockchain back is baffling. Darwin Award candidates, all of them. I hope to see changes that even out the playing field for ALL, so we can get the ball rolling again.
It’s one of the main things holding Steem back in my opinion. Ironically the people making money off bots are the same people holding back the value of Steem. If we get rid of bots and start promoting actual content I think $100 Steem could be a reality in under 5 years.
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When you factor in the fact this is only one way to tap into billions of dollars and there are plenty more ways to tap into a few other stacks of billions, sure, $100 is actually possible. That value would be more in line with what would be typical of the entertainment industry. There's always money in entertainment. It's a given.
Yep! Services like Facebook, Twitter, Twitch, YouTube, Snapchat, etc. are all worth billions and Steem is so much more than just a social media platform!
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