I will use bid-bots on next day of posting this article so that the up-voters will have enough chance to earn handsome curation reward.
image source
Well, before starting this discussion we should make ourselves familiar with the term ‘democracy’.
According to Abraham Lincoln-
Democracy is of the people, by the people, for the people.
👉Similarities between the Steem ecosystem and a democratic nation.
Steem whitepaper depicts Steem ecosystem similar to a democratic system on which everyone has voting right and with this voting right he/she has opportunity to evaluate the quality contents of the fellow users and help the content creator earn profit on his/her contribution. Also, the voters (users) can choose witnesses (just like our political representatives) among them to run this system smoothly. If someone indulges in plagiarism or spamming, the community has right to punish him/her with downvotes and flagging. Here everyone has equal opportunities to earn profit according to his/her contribution towards the community. So, this seems quite similar to a democratic nation where everyone has a right to vote and choose his/her representative and even express his/her opinion freely. Hence, this is a self dependent and democratic environment where everyone is his/her own master.
👉 Traits which are against the concept of democracy.
This system seems perfect till we don't notice the shortcomings of this social media platform cum blockchain. Some persons are receiving huge profit for low quality stuffs while many others remain empty handed here even after producing high quality stuffs. Many users are complaining of this grave injustice but no one is here to resolve these issues.
Here are some problems which need to be addressed as soon as possible so that this platform my not collapse under the pressure of them:-
It’s apparent that the users are aware of these issues and so are the developers but nobody cares to tackle these problems. It should not be forget that everyone has joined this platform for earning profit. Money is the driving force behind the success of this platform. When sincere users see a small number of people collecting the maximum out of the reward pool and letting others only to live on crumbs, this platform suffers. Certainly, this thing distracts sincere persons to join this platform who see this as an innovative social media platform. Who, would like to invest his/her hard earned money on a thing which profits only a few? Most of the people won’t risk investing in this situation. Obviously, this is not at all good for the future of this platform.
👉 This platform is relatively new and definitely has a potential to become a true democratic system in nature as well as in spirit; a welfare state of virtual world but can this feat be achieved without addressing the numerous problems which are seeking an opportunity to destroy this excellent world?
I think the situation is still under control. In spite of these problems in reward system, these problems are not so untreatable that they are beyond the limit of the developers. These problems will diminesh if certain amendments are implemented on the reward system. In this post I have mostly focused on the problems. In my next post I will focus on the way by which the feat of amendment in reward system may be achieved.
If you like this post, don't forget to upvote, resteem and comment.
Thank you for reading.
@akdx