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RE: Critical Analysis of Steem and Why I'm Invested
You mentioned that all the value comes from investors. That is not strictly true. The money comes from new currency supply via inflation. So that means everyone in the community pays via a slight decrease in purchasing power.
Also if you visit the 'Promoted' section you'll find people who have paid Steem Dollars to promote their posts (click on their rewards amount to see how much they paid to boost their post):
https://steemit.com/promoted/
That currency is burned and taken out of supply. This advertising feature is the key to the ecosystem and is being grossly neglected by the developers IMO.
Full details at: https://steemit.com/steemit/@steemitblog/introducing-promoted-content
What a good read about promoted tab.
*..The more people that read, vote, and follow users who promote their content the more people will be willing to spend to promote content. The more people spend, then more Steem grows in value. In other words, simply visiting the promoted content page and reading promoted articles helps boost capital flowing into the platform...
OFC when you know your content doesn't worth to be on trending or such, you'll go for bots.
Same as fiat basically.
To add to your point, steemit wouldn't need investors if the money stayed in the ecosystem which highlighs the importance of having commerce integrated within our social profils.
I would not have any sense of being like that, I agree with you @peaceandlove
Social Commerce-Steemit
@peaceandlove I concur it that this eco-system has ability to sustain without investors due to integration. but to add again, its commerce tool i.e bots will still have an edge on real user which will severly disturbs its balance in steemit and will affect its popularity drastically. In generic, yes it dont need investors but counting factors, it does need it.
Recently on a platform bots reign. People pay money to promote their low-quality posts. And thus, the interest in the platform disappears from those who are ready to work honestly, to do interesting and kachestvennye work. But now the voices of the bots have overshadowed all other posts. It is very difficult to compete with those who come here to milk the system without making a significant contribution. Profit is quickly withdrawn, cashed out, and therefore the rate is unstable.
Yes
I'm very interested in your publication @marketingmonk and it gives me a little light to understand some things about the behavior of the platform
Actually I would argue that the value does come from investors. If you wish to sell the STEEM/SBD you have earned here then they are the ones who will be buying it from you. Without willing buyers the tokens no longer have value.