Yeah, I can't argue that the caliber of conversation here isn't higher than YouTube. And even though we all have a financial incentive, well, at least in the case of this video, it seems to work to better conversation.

As for the value thing, that explanation helps understand how and why it's distributed as it is. Basically we agree on the rules by virtue of showing up and interacting.

What is still confusing is where that initial value comes from and how it is continually generated. I get that investors who put in USD are creating some. But without outside investors, where does the new value come from? Why would someone want to accept Steem as opposed to another cryptocurrency?