Hey !
You know I'm per se not a big fan of those who use bid bots in an excessive way. From my point of view it's counterproductive to the overall growth of the community, hence it decelerates the progress of this network.
Now if you boost your articles to the top, please make at least sure that the information given is correct, especially if you're publishing educational posts like this one here.
The "Steemit business model" as you call it is much more diverse and multifaceted than you describe here:
Steemit's business model is in a way very simple: The content is produced and money is earned in return.
First of all, there is no guarantee on rewards given. For a reason it's called reward and the community decides on how these rewards are distributed.
When Steem was created, the vison of their founders regarding the Steem eco-system was to give value back to those who create value, while that can happen in many ways - not only through content creation. Just think about witnesses (mining), curation rewards, rewards given for comments. Think about delegations and vote selling.
I furthermore recommend you to check completely new projects that will also expand Steem's business model - such as .
The following statement is confusing and also incorrect:
Money is being smuggled over to the system through exchanges by people who buy Steem or Sbd. (...) The price of Steemit currencies rises when the money entering is higher than the money exiting.
Money is being smuggled over? Wuuuut?
What do you mean by money and what is smuggling in that context?
The Steem price is defined by demand and supply at the exchanges where other currencies - such as Bitcoin for instance - can be exchange into Steem and Steem Backed Dollar.
There is no "money entering and leaving the system" as you call it.
The way you explained the true value of Steem Power is also incorrect.
Steemit also makes money from promotion. Those who want to promote themselves or their product at Steemit invest in Steem and turn it into Steem power and get the opportunity to stand out on the system.
Steemit doesn't "make money from promotion" if I - as a stakeholder - power up my Steem and convert it into Steem Power. The more Steem Power you have, the more influence you have in the network of Steem, especially by using your Steem Power as Voting Power. That's much more than self-promotion. Also it's not Steemit that profits here, it's you as a stakeholder, the community that's able to appreciate your vote and of course your power up can have a positive impact on the Steem price in the end.
Considering that the number of users of the platform increased by 80,000 per month, we can say that Steemit does not have a problem of failure.
80,000 per month? Where did you get that number from?
I recommend you to review your post based on the Daily Steem Stats Report published by :
Please make sure to inform yourself well before boosting your content to the top. With more power comes more responsibility.
Thank you and Steem on!
Self-voted for more visibility.
RE: Will Steemit Succeed? (English/Turkish)