RE: WHAT CAN WE DO TO INCREASE THE VALUE OF STEEM - Part One - THE CURRENCY STEEM
You forgot the most important part: Making sure good content reaches the front page, while encouraging the growth of the user base.
The world doesn't need another crypto-currency, and there's already been many allegations surrounding the centralization of STEEM and how it was mined in the beggining. I truly do not believe STEEM is viable without steemit. It will never survive as a "currency for currencies sake" like Bitcoin has. Everything you've said here about holding on to STEEM will be for nothing if you can't actually buy anything with it.
What we need is more people. More accurately, we need their eyeballs looking at content that's paid for by advertisers. Once this site hits a million unique hits a month, advertisers will start realizing that buying STEEM is valuable, as it will allow them to get exposure for whatever they're selling. They realize that, and demand for STEEM increases exponentially. That's it. That's the only way this will ever work. Good content. More people. It's the only long-term way for any of us to make any real money. Without a massive increase to this sites popularity, the currency will be effectively worthless. The bubble will pop.
While I agree with some of your content here, I disagree that we need to be focusing on growing the platform to sell to advertisers.
If that was the plan, we would already have ads, and the site would suck.
No ads is one of the main drivers for me being on the site. I'm free from holding my had out for the advertising buck.
I get paid for MY content, not the content of the ads.
I think once the ads come in, the site will do well for a year or so and then everyone will leave because it will be just like Facebook - a wall of ads and ads masquerading as content.
Dare to dream of a site not tied to the advertising dollar. Difference is valuable.
Then where does the value of STEEM come from?
I don't disagree with what you say. I have AdBlock on for a reason. I don't watch cable for a reason. But nothing is free. Most of the time you engage with content on the web, it's was put there, or facilitated by, someone trying to make money.
And who is paying you anyways? Where does the currency come in that allows me to buy groceries. The only reason people are buying steem now, is because they think it will be worth more in the future. You can't actually do anything with it directly.
At least with steam the advertising is overt, and regular people are getting paid for the content they provide. Unlike reddit, which has been usurped by covert advertising scemes.
You are sharing mostly about the platform steemit, which I will cover in Part 2, but I agree with most of what you are sharing.
Roger that
;-)