Ned Scott, Steemit CEO Says: Influence-based / SP Weighed Upvotes Ain’t Fair
Yesterday, Steemit CEO @ned spoke at the year’s biggest blockchain conference called Consesnus 2018 which is organized by CoinDesk annually. I wanted to watch the live stream for this panel discussion titled “Content Monetization And True Net Neutrality”. But unfortunately it was about midnight here and I was feeling too sleepy yesterday night. So I happened to miss it.
It was only a couple of days back that I had watched a very demotivating video titled “Does Steemit have a REAL Future!?“ by Vincent on his You Tube channel:
In this video he emphasized that Steemit has no future as it has no external sources of income or revenue. So Steem’s rates will drastically decline in future and this concept will soon fail.
I’d like him to watch how @ned explains about the source of value for Steem in the above video. Ned is frank to accept that stake-weighted voting system has fetched criticism as it gives unfair weightage to whales or to the people who have more coins. So instead of coin-weighted system, one-person one-vote system would be better for the future. Launch of SMTs will also help to re-align this power equation with many properties and several tokens with different curation systems in existence.
I don’t understand much but I get the message that future has the solution to most of the present day problems with this platform. Whatever it may be but it makes me happy and optimistic as on today. So thank you @ned and @acidyo for bringing this optimism to me!
Let's Steem on guys! 😊