No one breaks your trust in them, they break your trust in your ability to evaluate them
Bam. So much truth in this. People don't act out of character, that's impossible.
on Steem they expect to have their content rewarded as strangers by strangers
Again, spot on. I think all the talk of circle-jerks (which evokes some pretty vivid imagery and should probably be replaced) has turned sentiment against nepotism; when it's really just the other side of the community coin.
Seems it's community when you're in the circle, and nepotism when you're not.
Nepotism.. I was looking for that word but my mind failed me.
At least on Steem I have been on both sides of the curve and have found that if this is what it takes to be in a circle jerk, they deserve all they get. Unfortunately, it isn't how they got there. The result doesn't speak of the lead in process.
I have a question you might be interested in for my next post idea.
How many people on Steem owe more Steem than they have in their wallet in Steem?
It's an interesting question. Any big, flashy asset, like a mansion or lambo, can be underwritten by a tonne of debt and just kept to keep up appearances. No reason to believe SP couldn't be the same.
Hard to convince the bank to hand over a big, fat loan secured by crypto though :)
What I wonder is that while people who bought will be all kinds of down in fiat, unless they converted back to fiat do they have less Steem now? Would anyone (maybe friends) loan more in Steem than someone has locked up in Steem? Potentially, unless they repeat their habits of the real world, one may never be in Steem debt. Might be worth something or, might not be but Steem always grows in volume even if only slightly but only ever depreciates in fiat value. Yes, there is a buying power thing but that is measured against fiat, not Steem itself.
Maybe it isn't worth much but on Steem, everyone could live Steem debt free if they choose.