Superb economic summary of Steem and Steemit!

You engage your readers with critical information, without taxing their attention span.

Consequently, you leave room for a sequel post, where you delve into the macro-economics of Steem's valuation.

What are the hopes and dreams, fears and doubts, that cause people to buy and sell Steem?

After all, Steem had an immense valuation from Day 1, even before it had a single application or user.

That valuation was derived from the hopes, dreams, fears and doubts, pertaining to Cryptocurrency generally, but more importantly, to the world conquering vision underlying scalable tokenized social media.

In particular, Steem is a first-mover in utilizing the scalable and speedy DPOS consensus mechanism, that allows it to engage vast members of the general public in ways that mirror and rival centralised platforms.

Couple the speedy DPOS motor, with the ingenious onboarding of new users for free, paid for by the INFLATION algorithm, and you can completely reenergise the social media space, such that, although I'm not a financial adviser, I suspect Steem is vastly undervalued.

One fear that does depress the Steem price is the threat posed by rival DPOS platform EOS.

Current social media platforms, which will not want to share ad revenues with users, will be ill-equipped economically to compete with a future tokenized social media world in which all benefit of interacting with brands will accrue to end-users, with no manipulative invisible middlemen.

Steem is a genius platform, and although competitors like EOS, do decrease it's value by similarly targeting tokenized social media domination, Steem's first -user advantage is such that if stakeholders are wise in growing the user base, the ultimate Steem value could be stratospheric!

Eyes on the prize, Steemiams! 😎