Yeah, at the moment it can’t sustain creators. Like other’s have stated, it wasn’t originally designed for this. But the rules have changed, with the original inflation rules, the value would have never risen past $1. But now it has the potential to sky rocket, which is going to allow new things to happen on Steem. I think we should stop limiting it based on the original intent. When this was first being developed the censorship and demobilization of YouTube and co hadn’t hit yet. But now there’s a need. It’s goimg to be at least another year or two before other block chain inventions come up with a solution. But we can have one right here, right now, if people realize the potential.
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Indeed! Even if Dan is producing some kind of social network on EOS, it will take 1-2 years before it will reach any level of productivity. We need to use this first mover advantage well, to not become the MySpace of the blockchain area.
Xactly 😎 I think any other social network will take at least 1 to 2 years to launch after EOS. And then it would take another year to iron out all of its economics. If all goes well here on Steem, by that time Steem could be near $100 and full time Steeming would be totally viable. It’s really up to the community where this goes. I don’t think I’ve been a part of something so dependent on its members. A great experiment indeed.