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by mannigfaltig 3204 days ago
What are the key reasons someone should go to Steem rather than to some existing social platform? Steem will likely be slower and the barriers to contribute will likely be higher.

Secondly, do you think it is a good basis for building communities if everything is associated with monetary rewards? Sites like Reddit are exactly enjoyable because, most of the time, reward is only imaginary, just like in real-world gatherings of people: It is about having a good time rather than about an exchange of money.

Thirdly, how do you ensure that the things people post on Steem are their own work, especially if the data is hosted elsewhere, e.g. on YouTube. There will probably be massive, irreversible thefts of intellectual property (a.k.a. reposters, but with actual money involved). Conversely, a lot of valuable content comes actually from reposting and "karma theft" (which is what linking e.g. a blog article from someone else actually is).

Fourthly, how do you avoid fraud as for example often found on Kickstarter? Kickstarter actually has a review process and even they are not fully equipped for it. I am not seeing reliable moderation ever scale enough such that it can withstand the likely immense fraudulent interests due to the monetary incentives.

2 comments

> There will probably be massive, irreversible thefts of intellectual property (a.k.a. reposters, but with actual money involved).

Whatever this might be, it's not theft. And it might just be something we have to accept if we don't want to live in a de-facto police state.

> Conversely, a lot of valuable content comes actually from reposting and "karma theft" (which is what linking e.g. a blog article from someone else actually is).

That's a fallacy, though pretty common. People who connect other people with stuff those other people want do provide a useful service, and being rewarded for a useful service is not obviously a bad idea, let alone some sort of "theft".

> Fourthly, how do you avoid fraud as for example often found on Kickstarter? Kickstarter actually has a review process and even they are not fully equipped for it. I am not seeing reliable moderation ever scale enough such that it can withstand the likely immense fraudulent interests due to the monetary incentives.

Just like everywhere else in life? You don't need a big brother managing every step you take in order to avoid fraud.

I need to be honest, for me it was definitely the fact that you can earn money for just writing blog posts and curating. Also that it's so transparent what people make, it really motivates you to post when you see someone earn thousands of dollars from one post.

I did however find out that the community is great, made many new friends and read a lot of interesting posts. Lately it looks like it has been kind of overrun with people from China or third-world countries, which is interesting, but sometimes the posts are not translated and the steemit.com site does a poor job of managing different languages.

I haven't been active on Steemit for more than a year but thinking of going back since I miss it. It's very consuming though, a lot more than Facebook. Since there's a monetary reward on everything you do it feels like "working" even when you're mindlessly upvoting stuff. I used to spend many hours a day just reading, jotting on a new blog post or connect with fellow steemians on the official chat server.