I would like someone to respond to the following point, because I have felt the same way and need to hear a counter-argument that makes sense if I am to change my mind on it.
If this was a broom factory instead of a content mill, letting investors take most of the brooms before the company could sell them to generate profits would be easily recognized as insane.
Yeah, I have a response to that...
This isn’t a broom factory and there is no “company” selling anything in order to generate profit.
For some reason, he seems to believe that there is an entity taking stuff from one group and selling it to others. The problem is, if this were even happening (which it is not), it would be authors “taking” rewards (tokens) without any investment or risk - and that have monetary value due to investors/speculators - and then indiscriminately selling those tokens at market prices, driving down those prices and any chance at capital appreciation for investors
In other words: the analogy doesn’t actually apply to anything happening here, but if it did, it would apply to the exact opposite group than the one that the commenter continually marginalizes.
Thank-you for the response. That answer seemed to have opened a can of worms, so perhaps you wouldn't mind answering some more questions:
If there IS no company/product, then what the heck are people "investing" in? Generally, there is some form of business taking place that investors feel could grow their money as the business grows.
If the ONLY business taking place is similar to a bond or interest-bearing bank account, where you lend money so that someone else can use it; who is the borrower paying the interest and why would they?
If inflation is the source of all "income" then there really isn't any income, is there? The numbers get bigger, but the value goes down.
Why bother writing anything at all then? Just get 2 accounts and vote for each other on 1-word posts, 10 times per day.