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RE: STEEMIT is a reputation economy
Arguably so, yeah, but you are not mentioning how this reputation is generated in the first place. In many ways I would argue that Steemit - with the exception of early adopters or heavy investors - is an economy based on hard work, dedication and a willingness to engage oneself in the community. It sounds idealistic and perhaps a bit strange, but the only way one will obtain a reputation is through solid comments, votes and posts which all require a keen understanding of the community and hard work to produce posts. On the other hand, one could argue that you rely on votes from those with reputation in order to really break through, but reaching that point requires the former as well.
@joachim thanks for the reply, and yes you are correct. It is very difficult to build a reputation on steemit, and you are also correct about the early adopters and investors. One of my colleagues is an early adopter and are earning at minimum around $600 for each post, but he has already posted at least 40-50 times. I am hoping that through posting regularly and not posting garbage, one can build a following. I hope the follow button starts working soon. I just followed you by the way ... I also believe the new changes coming in Fork 11 will help us all and make a difference in the reputation building process
It's too early to say if hard work pays off here.
Right now it seems you need to be very lucky by posting on the right topic at the right time with the moon in perfect alignment to get a post to pay off. We will have to see how it evolves though.
Right now it is still very much an experiment so hopefully this will improve with time and hard work will pay off when the platform is mature.