@dwinblood @steemzine The idea behind Steem is solid, but I think the execution right now is failing because the understanding of (a) what people want from a content-site (as producers and consumers) and (b) how social networks grow mathematically, is having nowhere near as much thought put into it as the intricacies of the crypto-currency and minor adjustments to the reward system.

On a business-level, the idea of giving away large chunks of the reward pool to bitcoin celebs with overlapping fanbases is just bizaare to me.