RE: Too tired to post (and other fallacies)
You are right that a single person consuming one piece of content has very little value,
Exactly.
but that is anywhere in this world, yet consumption still drives economy.
Actually, I think it's as much production as consumption that drives the economy. But that's nor here or there. What tokenization does is completely flatten the barriers to entry between the consuming class and the owning class. For anyone who wants, it will be trivial to buy STEEM and power up to become an owner and start wielding influence over the platform. For the top 1% of earners among content creators, it will be the default position to accumulate ownership.
But the above is a totally different thing from the average user earning by consuming to any significant degree when Steem has expanded and matured from its current infantile stage.
Supply and demand.
And, if steem matures there will be a lot more value being integrated into the blockchain,that means that more can earn, in a similar way to how investors get dividends. Still got to buy in though and it isn't just the Steem token that can hold value. It is possible that an SMT well and truly outperforms STEEM while still being on Steem.
It's too early to say how SE-tokens or SMTs will succeed. One thing the creators of a token should think about really carefully is the supply parameters and issuance schedule. Not too many will want to hold is the max supply is ridiculously large.