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RE: [Steem] The Reward Pool and the Parable of the Token

in #steemit7 years ago

I find it interesting that so many people involved in cryptocurrencies are very hard fiscal liberals who just don't seem to have ever been exposed to the dynamics of how everyday economics around them actually function. It's fascinating. It's like driving slow by a bunch of kids on the side of the road poking at a discarded tire and wondering how it came to be there, and assuming that they are the first ones to have ever discovered round things made out of rubber. It's amazing.

I wouldn't exclude myself from the poking kids. In fact, your short interlude was quite eye opening. Thanks :-)

Still, I'd say there's something special about Steemit; in terms of what and how stuff is rewarded. Indeed the way to obtain the tokens is rather limited in comparison to full free market capitalism. In the latter, some people do not hesitate to wage war or slaughter other folks just to get some of the tokens. Here you rather have to convince others to like your stuff so that they spend other people's money (!) on it. I mean, since the reward pool is basically a weird way of taxation, everybody kind of plays government and it kinda works.

This actually got me thinking: Could a state or government exist without any direct taxation, but all expenses from security over education to infrastructure would only be paid by inflation? Probably not, instead of your actual currency, everything would be traded in cigarettes (maybe the tobacco industry is not doomed after all?). Yet, strangely enough, here it works. It even creates some kind of feeling that everyone is sitting in the same boat, and a lot of the users are honestly trying hard to improve the platform for everyone.

IMO this is quite different to the rest of the Cryptosphere. On Bitcointalk, for example, there's more the us against them attitude (and much, much less respect for grammar, orthography, or human life in general). I got my weird altcoin I believe in, so I shill it to the moon and spread FUD about all the others. While we're at it, can I convince you of my own currency? You might actually enjoy it, just google for a smart contract that allows you to sell your soul on the Blockchain :-D. Believe me, this is the one and only currency that will rule'm all, but I digress...

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