RE: 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!
I don't have time to address all 25 points. But I would offer a few observations:
Yes, we are approaching 1,000,000 accounts. But we still only have a bit over 60,000 active per day.
Of the accounts that are active, we don't really know how many of them are genuine human bloggers aiming to produce the kind of content that will bring people here. As I've discussed elsewhere recently, there are rings of mutually-upvoting spam that involve many thousands of accounts per ring. I'm not experienced enough in pulling data from the blockchain (yet), but I think 1% of all accounts being semi-automated spam producers would be a conservative estimate. If they are all relatively active, then they could be a large chunk of our 'active' accounts. So maybe it's more like 50,000 active users.
Anecdotally, I've seen a large upswing in new accounts that really only exist to game the system, whether by automated means or not - usually through mutual upvoting or using low-effort comments or posts to farm bot votes.
The existence of bidbots is not necessarily a positive to either the economic or intellectual wellbeing of steemit. They potentially undermine both proof-of-brain and sweat equity. They also make delegation to community projects such @curie and @comedyopenmic less attractive. What's your plan for when these bots have absorbed the majority of the SP?
I think you understand the Steem economy quite well, but I'm not convinced you are being totally genuine. Our currencies need new money buying in to offset inflation and drive up demand. But we can't ever overtake bitcoin while the user base for steemit and all the other apps are so tiny. Nor can we overtake other social media with so few users. Eventually, this new money has to be buying ‘eyes on’ content. No corporate advertiser is going to risk tying up serious money in SP for a potential audience of 50,000.
I do not think we can survive in the long term if the majority of the community are all either bidbot investors or grifters. Sure, we can pump and dump plenty of times before anyone notices that all the actual content creators have left for another blockchain. But eventually, such a situation would come unstuck, and once the promise of new money dries up, it’s all over. In the interim, leasing to a bidbot is a great way to get liquid SBD or STEEM to sell, without the awkwardness of being seen to be powering down.
I could go on, but I have work to do that will earn me more than the few dollars I earn for the hours it takes to write a decent post.