RE: Where does all the money come from on steemit? How long can it continue?
Yes, the bandwidth problem has come up by several of the commenters on this thread. I was unaware of this. I powered up to maximize my work efforts and did not realize others without the ability to power up quite a bit, had these problems.
There is no doubt SP will increase dramatically for the near future as the platform is just now in its "awareness" stage.
One of the final statements in the white paper is
Conclusion
Steem is an experiment designed to address challenges in the cryptocurrency and social media industries by combining the best aspects from both.
So this experiment will certainly have a lot of learning and problem solving along the way. I have a great deal of faith in people with the IQ high enough to have conceived it in the first place, but at this point some basic problems will present themselves soon.
BTW: Where are you running a query to analyze the ratios you mentioned. I would very much like to review this as well.
Glad I ran across you, you indeed have a wealth of information to share!
I'm now following you and look forward to future discussions on this "experiment"
Up until just a week ago or so, @arcange ran SteemSQL database as a free SQL database mirror of the blockchain. Since then he has switched to a paid subscription model with the steep fee of 10 SBD monthly. It is easy for me to justify this fee so I am paying it, but understood it is quite steep when taken out of context. For me, I do all my curating for @curie using custom search queries I have created. I earn 10 STEEM per approved submission to @curie as a finder's fee and see ~9-10 posts approved per week = no brainer for me to pony up for the DB access :)
Thanks, I'll check out his blog -- being a programmer I may just find some reason to justify it.
Please take a look new post created after finishing my research.
Thanks you VERY MUCH for all the information.
https://steemit.com/steemit/@bycoleman/where-does-all-the-money-come-from-on-steemit-fully-answered-will-it-continue-yes