VOTU PODCAST IDEA
With discussion of the bot and upvote bot topics going around, a common concern is for investors. What role do investors play in the STEEM ecosystem?
Well, my topic idea is partially tabling the bigger issue, but addressing the "third world user" issue. It goes like this:
- Since STEEM is an inflationary crypto currency, HODLERS are very important to its success.
- Investors are a key component of every cryptocurrency, because, "if no one is buying, no one can sell either."
- First World Users are usually fine with being at least mid term hodlers, BUT
- what about 2nd and 3rd world users(TWUs) that see STEEM and STEEMIT as their livelihood or at least, a significant source of their income?
- these users are constantly powering down and withdrawing their "earnings" in order to buy food, electricity, pay hospital bills, etc.
- as more 3rd world users(TWUs) come onto Steemit will this create a STEEM flood that will devalue the currency for everyone?
- what is the healthiest, and humane way to approach this group of Steemians that are primarily 'takers'?
- what am I missing? Am I looking at this all wrong?
Personally, I believe these users do play an important roll in our Steemit ecosystem. I don't at all want to be an elitist and try to say we should limit or prevent anyone from becoming Steemians. But I also know that a system is not sustainable if the outputs are greater than the inputs.
Are these TWUs the future of Steemit as they are introduced to blockchain technology? Will they be the innovators of the future? Are are they destined to be life long dependees, like the 3rd and 4th generation welfare recipients in the United States? A kind of convoluted servitude that puts them in constant dependance on someone else's generosity?
Please feel free to begin the conversation in the comments section below!! I hope we are successful in carrying on the conversation in discord today (12/10/17) at 3:00PM EST unless otherwise changed....
Peace
Images from Pixabay. With my adaptations.