Great article. I totally agree, as soon as an paid advertising system is integrated, the "this is a ponzi" debate is off the table.
Great article. I totally agree, as soon as an paid advertising system is integrated, the "this is a ponzi" debate is off the table.
The content here already has value. Like information value OR entertainment value. People buy Steem in order to "collectively" give them to their favorite authors via inflation, the minted Steems proportional to their Steem Power.
This is essentially no different than buying your favorite band's CD, or buying a DVD movie with your favorite actor in it.
It's just it's not direct payment, but payment via inflation, which actually has less impact on the price than if it were directly spent, because inflation itself is a kind of "deferred gratification" the market is smoother.
Even when the Steem price was going down, it went down smoothly, not in a huge crash.
We need that asap