What actually sounds better to you? What do you want to be part of?
*Note, this is just a rough compilation of the major points. The solutions are not delved into in depth. More to come in future posts.
Corporate Governance by Shareholders
- Concentration of power in those who have the most shares in the company.
- Rewards are allocated based on 20-50 main power players in the system, regular users have a minor effect
- Rewards are taken away based on 1-5 main power players in the system who choose to operate this way, regular users have a minor effect.
- => "I have more shares than you, I have more power to do what I want and you can't stop me."
- => If no other large shareholder counters what another does, then the first action remains, with no remedy for abuse from this concentration of power.
- It's a power player's game, not a regular user's game. Regular users are alienated from the system and how to affect it across the board: reward allocation, reward confiscation, witness votes, etc. This is a disempowering model, that engenders disenfranchisement and disillusionment in having your voice unheard, where you become marginalized compared to the power players. This does not promote free speech when people are catering to the power players for reward allocation or in fear of reward confiscation.
- This model promotes certain people to act with their power in a selfish capacity to reward and pump what they want like game-picking gambling-mentality 0-risk free-lottery ticket get-something-for-nothing crap that adds 0 future value to Steemit to attract future posters/investors, while removing rewards for posts they don't like that actually have value beyond the lottery time frame.
Source: ucsc.edu
Social Self-Governance by the Community
- Power is distributed to each individual so that no one person has more power than others in the community.
- No shares are taken or transfered to anyone, shares are invested in for profit, and the profit will be created by the success of the community of users who work to create that success.
- The amount of money, wealth or shares you have doesn't give you the power to go around and do whatever you want as you see fit. You don't create the community alone, nor do your shares or investment: people create the community. You are one person in a community. Your money, etc. doesn't give you the right to monopolize how things happen, either to allocate or remove rewards from content. The people overall should determine things, not one subset of power players.
- The community has the power to reward people for their content, not the concentration of power of a small group of power players.
- If, I stress if, there "needs" to be flags for rewards, then at least it's the actual people who use the site (all of us) who can affect how the payment gets reduced -- not simply one person coming along and deciding they don't like you post at $30 while they upvote other posts above $100 and come up with bullshit to justify their behavior.
- Flags aren't required though, as the users will be distributing the rewards according to how social media and social networking works: you are one person, and you have one vote. Fair and equal voice to affect the community and platform, not concentrated power that drowns out all other voices.
- This model promotes people having equal say and power in what happens.
No wealth, money or shares are being confiscated by anyone. It's about the community leading itself, rather than a few powerful players deciding what will happen and how things go.
If you still don't get why this is better... look at it another way.
In a possible future, how would 50 power players reward 1 million users each day? They can't.
Solution? Part of it is a global delegation of Steem Power to active, participating users in the community who are the community and who build the community. No more sock puppet accounts to manipulate either upvoting for rewards or flags for rewards. No more power players wielding their power to choose how things happen all on their own. The community will drive the community, not concentrated power players. The management by the power players over the community has failed for months.
Who is Best Suited to Manage a Community and Make Decisions?
What's your SP for? It has value. The more the community creates lasting future value for Steemit.com, the more the value will increase as investors will want to invest in a community that creates lasting value for more people to come and get in the future.
"But part of the challenge is imparting the idea that "it matters" in the greater picture... specifically that content matters beyond the initial 24 hours... even if the creator is no longer being PAID, the content remains an "ambassador" for Steemit in perpetuity; meaning the next potential Steemit contributor or investor who randomly lands here is going so see that piece of content and use it as a basis for the choice point "This is a GREAT venue! I'm joining!" vs. "This is a pile of CRAP! No way!" But people have to get onboard with a time horizon that stretches months and years, not just 24 hours..."
~ @denmarkguy, comment
Thank you for your time and attention! I appreciate the knowledge reaching more people. Take care. Peace.
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2017-03-03, 5:11pm