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RE: Where STEEM And Other Cryptocurrencies Get Their Value

in #steem6 years ago

For more to adopt and actively use Steem and the apps I think the dev team needs to address your simplicity principle. I’ve introduced several folks to Steem and they all simply don’t get the fact that the current rules seem opposed to the kind of behavior that would actually produce high quality. As I start to explain the rules, their eyes glaze over—they are way too complex. In fact, its clear even people willing to spend the time to read the code and do experiments are having trouble figuring out how voting and rewards really work. In contrast to Steem, Stackexchange is a platform that works remarkably well at incentivizing and producing high quality content without actually paying the content producers or using a blockchain. Perhaps money really is the root of all evil. However, I suspect that the rules and overall design here are simply flawed. Incentivizing behavior that is counter to quality and not supporting evergreen content inherently hurts the long-term viability of the blockchain. The good thing is that either Steem will address these issues or something else will come along that does.

Proud member of #steemitbloggers @steemitbloggers

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