The biggest problem of Blockchain social medias!
We have seen almost all big social media companies manipulate what users will see, how their data is being used and how creators are being suppressed. We certainly don't need blockchian social media to create own token and make some forced use cases and list it in market and go with the flow of cryptocurrencies. It benefits those using it but I don't think it is a long term solution to a problem!
There are a lot of problems with blockchain social medias of this days. All blockchain social medias are facing this problems including steemit. The biggest problem is, people are not using steemit, weku, whaleshares as a social media. Most of them are here to collect as much token as possible and it makes complete sense. Most people here are blogging just because they want to collect some token and it's not mistake of anyone.
Most people barely read any other content. It is not the principle of social media at all, it is not social at all. YouTube is one of the best example of how can we monitize the content as well as not kill the social media function. What we must learn from YouTube is not everyone should earn. 99% of people using YouTube don't earn anything. 1% are the ones who earn. There are a lot of people who try but not able to earn.
If we continue like this everyone will be focused to earn. Whaleshares is trying to fix it to some extent with no reputation system and can vote after reading system but it is still not enough at all to achieve what we want.
I also don't have an exact solution to the problem but an algorithm which will give some internal point for interaction. For example, some post earned 200 steem or weku or wls. But the post has very less interaction. We can decide it with comments the post got, watch time, upvotes, views and then give a certain interaction point. If the interaction point is less then cut of the reward and give it to some posts with more interaction points. Let users know how much they earned in their post in the day of payment after all calculation of interaction point is done inside the hood.
But this will lead to more serious problem and that is we won't have much people interested to invest in the platform because most people invest in steemit, weku, wls so that they can vote people and give more reward. If their can't circle vote their friends then automatically most investors will go away.
Investors will still have power to vote but if they vote in some jerk post then their vote will be invaluable. There must be some equilibrium after some time. But it's just my view!
You are correct that most people come here only to earn proven by the fact that the majority of people here have no following outside of steemit or weku,etc.