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RE: Why people will buy STEEM
When it comes to network effects, all value is circular and self referencing. Why does bitcoin have value? It has value because someone, somewhere, values it. Everyone else values it because others value it.
In the case of Steem we have a currency that actively traded and valued by hundreds of people. This is the initial foundation. These people in turn work to create value for others.
Ultimately, owning Steem maximizes your ability to earn more Steem by participating on the platform. Curators make more when they own more. Posters make more when they can vote for themselves and kickstart the curation of their own content.
Correct. The whole system is circular, so in the end, success derives from utility and user base. Bitshares had utility in spades, but few people knew about it, could get on it, or understood how it could help them. Steemit must focus on getting users onboard easily, giving them reasons to use it, and promoting that message like crazy.
" Posters make more when they can vote for themselves and kickstart the curation of their own content."
That is the reason "I don't get" why we must manually vote for our post... It should auto-vote our post with our voting power when we post anything.
What if you don't want to use your voting power on your own posts though? The option is good to have.
Yep, sometimes you want to wait to vote for your own post until your voting power is back to maximum for example. It could simply be made into an account setting though, letting you enable or disable auto-voting for your own posts.
yep! frustrating to vote each post