The liquidity factor is also negligible in those terms, where you are willing to invest for years because you view the prospects are very good. (Take AlexGR for example, he seems reasonably positive about it longer term, and likely doesn't care that he has to be locked in for at last 1-2 years.)
I am positive because the idea is based on a solid concept. I do have asterisks though that bother me, and I've repeated them over time
- simplicity should be a goal (it's still too complicated, or where complexity is obfuscated, misunderstood)
- the closed loop economy should be fixed in some way. When I first said that, I hadn't really contemplated the possibility that advertisers might want to buy SP to create ad accounts with ad posts, so when I did, I realized the loop wasn't as closed as I originally thought. Advertisers buy SP and then upvote their content to visibility. Then I re-assessed that this model would be DOA due to flagging, so we are back to square 1.
- reward scaling (bloggers increase necessitates marketcap increase to keep rewards stable). This is a major issue that I can't see getting fixed without external revenues.
- ease-of-use in essential features. For example, you can't have a blogging platform and need to go to external editors to have a nice result in your posts. That's not acceptable. In general the small essential features that are needed in the platform are added at a very slow pace. I understand that price is something that is in the influence of the "markets" but there are things that can be fixed by working on them. Perhaps the team needs more devs.