I was minding my own business this afternoon, writing a few articles that got a few people chatting to me, but not so much on the reward side. That was until I got an up-vote from one of the founders of Steemit.
Pre-vote reward: $1.50
Post Vote reward: $294
That is some power the Steemit founders currently yield.
I actually think it is a good thing at this early stage. The founders of Steemit will yield their votes carefully and incentives and guide content creators. Who better to have the power than the people with the most to gain, and the most to lose from the success/demise of Steemit.
They have mentioned to me in the past (in reply to a post) that they are currently reward educational content on the platform (Steemit), and introduce yourself posts, however there will be a move to original quality content over the coming months. I believe we are seeing the beginning of that. The great thing is, where their votes are, the content will come...
There is a lovely combination of Democracy, Meritocracy, Incentives and Capitalism on this platform. A very interesting experiment unfolding before our eyes.