Quote from: dottom on July 22, 2017, 04:15:25 PM

Steemit can't last. None of the new users are making any money so they aren't going to invest. Watch it tank by end of year as user adoption shrinks and all the new users the last few months bail.

Someone smart said https://bitcointalk.org/index.php?topic=1548369.msg20285001#msg20285001 about Steemit:

Nonsense. The payouts on Steemit are actually a drag on the price not a boost.

If it pays out less, but only pays out to people who actually post great content (not plagiarizer shitposters, that copy paste newspaper articles), that gives value to Steemit.

By the way Steem is a 0 fee currency. If somebody would create a market for goods and services based on Steem, like Openbazaar is for Bitcoin.

Then Steem's value would skyrocket. At the moment it's only a social media. But it can be much more than that.