Using Facebook, again, what is it that makes entity to be worth so much money? Obviously, the revenue stream and profits. However, it is really the activity that determines all that. In a digital system, activity is king. Facebook is worth a lot more than MySpace or Reddit because the amount of activity dwarfs those other platforms. This is what Facebook was able to monetize.

STEEM is a digital system. Hence, activity is paramount. That is what ultimately determines the value. More people tied to a particular blockchain means a larger ecosystem. Larger ecosystems have more activity equating to more people using the currency. On STEEM, the activity is all monetized.

Simply excellent, could not have been explained better.