Many who talk about how money can't be created out of nothing and then use that as an excuse as to why Steemit will fail have not, in my opinion, seriously considered the #bitcoinpizza. How did 10,000 bitcoins barely purchase a pizza and then a handful of years later be worth over $6.5 million? Explain that and you'll be in a better position to argue why STEEM may succeed or fail.
Money is almost always createt nothing from. The value comes only through people's confidence that it will not spread indefinitely and uncontrollably. Here Steemit must first build trust. Only the answers to critical questions can build trust. And these questions must be asked.