As a consumer of content I prefer to search for what i'm wanting to digest rather than have random uncategorized content thrust in my face like a never ending chain of TV ads. Why would I want to go to a paid advertisement feed?
Who seriously reads whats on the promoted channel anyway, I mainly hit the new/active/trending.
Surely most readers would think the same thing so what is the point of promoting content?
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I think the idea that other people can promote your post would alleviate that in some cases.
Your are right though, the list of posts is completely random. But, so it's the main steemit page.