So we agree that steemit value depends on it's potential adoption and it depends on minnows and new users enjoying the plataform and use it - not botnets, not sock puppets or plagiarizers - real users/minnows who produce content want to make steemit a usefull tool for themselves and others.
What is happening is that exactly those "target audience" are the guys who are complaining about the reward system, like this post. Not the botnets, who are actually exploiting the current model. Not power users, who are able to understand and use some tools in their favor or famous youtubers who get some support from whales.
I had a few talks about the subject and read many posts about it. Can't see steemit solving this issue on a short term. Maybe famous youtubers can be enought to bring people here, but why would they buy steem? Why would they even make an account? Maybe a few super fans...
Anyway, I may be totally wrong about this, but after seeing real potential active users leaving steemit because of the reward system and after reading the position of relevant people here, I am not confident steemit will endure.
Game theory helps us understand the choices people make, and the perspective on that matter is also not very good.
For those reasons, I decide to power down all my SP for now and change it back in BTC on the next weeks. I will keep an eye on steemit and maybe come back when it looks like a good investment again.
Thanks for the talk!
RE: Will Steem succeed or commit suicide?