Firstly, I must admit I have spent more time thinking about Steem(it) than I have been paid for by it. And to be honest (and disappointing to readers/whales and me as far as payouts go) I have found more than a few BIG Problems with Steem. Problems that if not addressed, will lead to its ultimate failure. Now, you might not agree with me (very likely) but they will.
And I love Steem and I do think it is a few shorts changes short of being “The Game Changer”!
OK that was the intro, now to the point…
I consider [Why I Want to Short Steem Beyond Trading –part2. 08/23/2016 post of mine, the greatest insight in the Steem space, that I (and most writers that I have come across) ever got.
I also totally understand why most of you will find the believes of mine expressed there “stupid” “silly” “outdated”, but that take of yours does not makes them invalid or not true. Actually they are as true as when Adam Smith first thought of them….
Back to the present…
Yes, I do not believe; “The company’s worth is what N million customers are worth to Facebook (or 100 times more in Steemit’s case)”, especially when the company has NO CLUE how to monetize on those customers….
And today this changed (maybe alittle, maybe alot [1]) by the introduction of “promoted posts”
With promoted posts we can see how the system / all Steem power holders can benefit from someone trying to come to the system and pay his way in to all SP holders!
It is a great new feature! The best in my humble opinion. The best I have seen from Steem really.
And that’s why I will donate ( donate more or less really) a good sum of SD to put this (Badly written as far as English grammar and spelling go) post on that same list.
Other (mostly less controversial posts of mine):
- [Beyond the STEEM Whitepaper – 1. Blogging and Curation Rewards Fund; Steem Backed Dollars Creation](](https://steemit.com/steemit/@james-show/3gkvw3-beyond-the-steem-whitepaper-1-blogging-and-curation-rewards-fund-steem-backed-dollars-creation)
- Are all post written for 5 year olds', so they have to be picture heavy???? ..Uuups sorry, I have not written this one yet, but really???
- Ohh what TF just scroll the blog posts on my home page!