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go1dfish ago

If the primary intention of the currency system is to be an investment vehicle yes.

I think some sort of currency (be it karma, SCP/CCP etc...) is necessary to make this sort of forum model work.

The difference in this case is that STEEM is transferrable and more limited than karma/*CP I don't know the economics behind it and honestly don't care too much because I don't view the thing through that lense.

There are better ways to make money off cryptocurrency than trying to pump the STEEM currency.

I do think the economic incentives for posting can have a negative effect on the network. It's damn hard to find any decent content on the network now IMO.

So I'm giving a go at curating, because I have always fundamentally been more of a lurker at heart that just gets grumpy when people get censored.

I welcome the feedback, I'm not suggesting that this has to happen or even necessarily that it should. The steem network is very similar to what I've been envisioning myself and brainfarting about on Voat for months so it seems worth exploring to me at least.

There are downsides, and I think it's pretty unlikely that it will happen; but it is worth considering and may be one of the best alternative places to flee if Voat does ever shut down.