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RE: Why Steemit isn't Ponzi scheme. [3 minutes read]
I am curious with how Steemit ultimately make money, beyond getting more and more investment to buy steem.
Will a marketplace garner that much revenue? Adverts? Or maybe once Steemit get influential enough, large entities (corporate or commerical) will muscle in and hoard in loads of SP so that can sway the opinions of the collective.
Until there is real value generated AND sold then what is it?
depends on how big the marketplace is grown or what time of advertising model. there's been many a startup in the tech space that raised billions in value before having a clear value proposition - and Steemit DOES have some significant strengths and potential over them.
MANY potential applications could be built on the blockchain. 'tis up to the creativity of the community as to what will be built.
so there will come a point, yes, where that potential needs to be actualized and more streams of revenue generated...