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RE: Where does all the money come from on steemit? How long can it continue?
I can't imagine that you were able to comprehend everything that explains Steemit so quickly or just from one post, but bravo if you have! My point is that it's complex and involves many aspects working together. Steemit will disrupt platforms like FB to a high degree over time. The ads you are referring to represent one small way to bring people from the tarpits of FB to be aware of Steemit. If you engage jerry directly with these questions, you will get all of your answers.
Thanks -- I'm just putting this out there AFTER doing some research.
I had already read the white paper and saw the info that jerry is discussing. But I will certainly take the time to try to dig deeper.
There is a lot of discussion that has merit on this subject that seems to have some pretty detailed information.
For example:
https://btcmanager.com/steemit-criticized-for-ponzi-scheme-like-network/
Again, I love steemit -- I really want to keep on trucking.
As we all do!
Link to Jerry asking for input.
https://steemit.com/@bycoleman/re-jerrybanfield-h2jl7o95-20180131t012241771z
I get your point @bycoleman. There will be a time that the money coming in will surpass the money that is goin out. In order for steemit to sustain itself, the money coming in must be always greater going out. I love your example on the food. Very well understood.
I think others dont get that we need investors to put in their money. No investors = no money for us to take out.
Thank you!
I really hope there is a long term vehicle for steemit to keep being viable and not pollute with adds like youtube or FB.