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.
Disagree. The only thing solid was that enough speculators could be fooled by the pump enabling the whales to cash out several $millions.
We bystanders were able to get some crumbs. I got about $6500 out of it, so I am grateful because I would have been entirely depleted of funds by now otherwise. Steem funded me to fight on longer. So I am very grateful. But that doesn't mean I should lie about the reality I see. All of my blogging activity on Steem was sincere.
- 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.
Voting and perpetual rewards are 2 of the several fatal flaws.
Steem did point the way towards possible designs that could scale and be successful. It was a valid experiment that advanced our thinking.