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RE: Where does all the money come from on steemit? How long can it continue?
gems --- this is a very good response! Thank you.
You are correct -- either new users or any user that needs or wants to power up to keep on posting or earn more revenue. The power up system is truly genius. But will steemers that do not get enough revenue from creating content and curating continue to create and curate when it cost them?
If the less wealthy are eventually filtered out due to this, then steemit looses a precious part of itself.
Keep on thinking and posting -- I really love thoughtful discussion as I believe most of us do!
I agree. Steemit needs the mass or the lower wealth steemians in order to survive. If we have the rich just circle jerking or voting themselves...the low wealth steemins will leave. If you think as an investor, would you want to invest on a site that has good quality content but does not have good traffic of readers?
For example, think of maybe reddit versus instagram or facebook. I would rather invest on FB or IG because traffic wise, there are more in those sites.
If the high wealth dont share their votes on the low wealth..most likely the mass (low wealth) will leave.
You got it!
Let's hope there is a better solution in mind by the developers.