RE: It has come to my attention that I need to explain things a little more...and this is better! by dexterdumb

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blog · @dexterdumb · Mar 17 '19

$0.06

I think it's a very fine line.  Not that it's not worth examining.  Just seems difficult to unwind it all.  I don't necessarily think that making the reward pool privately distributed makes it "closed source" anyway.

👍 dexterdumb, lucylin, sergino

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@lucylin · Mar 18 '19

$0.05

I' not saying we don't leave it as it is - I'm saying we have to understand  _what it is_ we are dealing with.
....it'll only end in tears if we don't..lol

...the free market concept is wrong. You need to own things to buy and sell.
 This is more akin to a land grab or gold rush (every day)

👍 dexterdumb

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@dexterdumb · Mar 20 '19

$0.04

Still makes me wonder how the witnesses "pay their bills" in a model like this.  Unless they just up-vote their own content and comments constantly.  I've never really considered what the economic model on Steemit is.  I'd say it's about time!  Thx for the running start ;)

👍 dexterdumb, votes4minnows

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@lucylin · Mar 20 '19

$0.02

>I've never really considered what the economic model on Steemit is

Me neither.... until I did my 'refresher thinking' for those  few days when I was offline.

the steem reward pool belongs to  no one. (until 7 days later)

People use the rewards pool for various  actions prior to distribution.

People use property that is not theirs, to profit.

A 7 day cycle gold rush, and _not_ a function of  free markets. 
(Free markets = a free  exchange of _your property_, for good or services. Steem  is _not_ this - in regards to the rewards pool).

👍 dexterdumb

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3 replies