As a developer Dan is definitely a genius, top 3 with Vitalik and Satoshi.
Disagree. He is smart, as I am smart, but neither of us are geniuses.
Dan appears to me be naive. He is smart though and apparently a talented developer and technology savant. Note there is a lead programmer on Steemit who is not Dan and appears to do much of the actual coding.
However this is also his downfall as he thinks his ideas on everything else are at that level like an Elon Musk/Steve Jobs and that he is probably worth >25% equity of whatever project he is the lead developer of. Unfortunately his business, entrepreneurial and 'practical' economic skills are very poor imo. He would be a God with 5-10% equity on a project he committed too for 5 years+ while taking his development direction from a successful blockchain entrepreneur or even from the shareholders themselves.
Agreed. Actually 5 - 10% is exactly the level I am thinking to take of my project, with a similar 5 year commitment to the long-term.
Even now there's <0.3% of supply on the market, far less than any major altcoin and yet that amount still manages to dwarf the miniscule Steem buy support.
Because there is a disincentive to even speculate on it, as I explained earlier today upthread.