You make a lot of really good points in this post. I also really love that there is so much conversation/debate on this post. That means it is a VERY valuable post to the community.
You are addressing a very important topic of which needs a lot of discussion.
I have not followed you before but I respect your opinion even more now that I see you have a decent amount of SP. Your speaking about self voting and investing not as a minnow but a legit investor. Lots of minnows or people not getting payouts like to complain but don't really have scope. You are an investor so understand how there needs to be a way for investors to profit of their investment in a simple and quick way. Right now its very hard to do unless you do self voting. So we need to re structure the system so that there are legit ways for big investors to profit on their investment without a lot of time.
Because most big investors do not have a lot of time to be on the site. Also most big investors will want to profit on their investment otherwise they will invest elsewhere.
In order to get the value of $teem to increase we need a lot more investors.
To get more investors we need more reliable and easy ways to profit of the investment.
Thanks for this important and comprehensive article and discussion!
SteemON!
Thanks man. I'm not sure whether some of what you say is tongue-in-cheek, but I'm very much a minnow. My only significant investment is my time, that said, it is significant (I develop @steemreports).
I know what you mean though, and I guess it comes down to whether Steem needs short-term investors or longer-term investors. I think to really prosper as a future massive social media platform, it needs longer-term investors who themselves promote the network effect through restrained self-voting. I do understand and have some sympathy for those who bought in on a shorter-term, more speculative basis though.
Yes long term investors are what we need, though for the most part the only way to get that is by providing them a reliable and easy way to profit. Otherwise they will invest somewhere else.
Because this is a social media platform and that is the value that backs the crypto it can be very complicated and ever changing based upon the masses. That is why this topic is so important to discuss.
Yes, it's a very interesting dynamic, and each HF changes it in unpredictable ways too.
Yes ur right...Another big factor....I mean once upon a time it was a 3 year power down....Now its just 3 months....Thats a HUGE change.....Life just always seems to make the rich richer. Rules, changes, decisions etc almost always made by the rich. Thats just as true here on Steemit as it is anywhere else.