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RE: The Future of Steem, Community Participation and The "Mythical" Investor
I dare to say that Steem doesn't need "investors". It needs applications that leverage the natural use case for the base token...resource credits.
Those applications need to appeal to the mainstream users. If we had applications that need 5-10 vested steem per user then the supply would dry up and the market forces would start to kick in.
And when I say mainstream I mean millions of users.
It's actually very "simple", we don't need rent seeking so called investors. We need entrepreneurs that are able to take advantage of the properties of this blockchain for real world use cases.
In my view steem power is just a vehicle that can help such businesses operate and in the process appreciate the value of the token.
Well, that's definitely part of the challenge, there. This place remains "too complicated" and "too technical" for the average web user who expects to click a SINGLE "Log in with Facebook" button and everything is already prefilled and done FOR them.
But you're right, if there were apps that appealed to mainstream users, it would definitely help... I had a lot of hopes with what started as SteemMonsters, as a potential big player, along the lines of the old MTG card game.
I do think part of the problem — and it applies to all of cryptos, not just here — is the heavy orientation towards "short term gains." Long term success takes a long time to build...
I agree 100%