I believe money has always been one of the strongest driving force of human interactions. So why no one has built a social media platform that involves money before the blockchain technology ? Why do we need a blockchain for that?
The idea of awarding contributions is good and all but it all boils down to TRUST.
Apart from high transaction fees, slow transactions and all, users most probably would not TRUST the central authority's fairness when it comes the distribution of money for the contributions.
So building a social media platform by integrating features of a decentralized ledger technology(DLT) a.k.a "the holy blockchain" we now can have a stable code that decides the distribution of newly generated tokens.
Thats great.
This is the reason i loved Steemit when I first read the whitepaper.
But now that I have been using Steemit for a few days I see A LOT of shitty data such as:
- "That's a great post"
- "I upvoted you, hope you upvote me too"
- "Good job, my friend"
All this shitty comments people write without even reading a single paragraph of the post gets transacted the same way a high quality content. No one earns anything more than 0.02 dollar but people keep doing that in hope of i dont know wtf:)
So i definitely think there must be a downvote button to scrap these kind of useless comments out so the quality of the platform can increase. For example a downvote could impact a users future payouts negatively. Otherwise I don't see Steemit going elsewhere than a bunch of people trying to become rich easily.
What are your thoughts on this?