Since Steem is an inflationary currency, it's growth is dependent on the platform's ability to bring in new customers.
Unfortunately, this is also the definition of a Ponzi scheme. In a ponzi scheme, the payments to existing investors comes from the new investors.
Bernie Madoff's ponzi scheme ended poorly. The Social Security Ponzi scheme hasn't crashed yet.
No idea why I feel the need to answer such a off topic uneducated reply to my comment, but I do. Not sure why you would compare this to Madoff's ponzi scheme which didn't tell people that they were stealing their investments to pay interest rates on previous that couldn't be achieved. This is completely different then what steem is. Steem lays out exactly what the inflation factor is and that inflation is what is used to pay current stakeholders.
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My comment hit the core problem steem faces.
Steem is a currency. It faces the classic problems of all currencies.
Most of the currencies in use, including national fiat currencies, do not have equity behind them. People who accept the currency today are dependent on someone else accepting the currency tomorrow.
You stated that you want to see SteemIt build up the price of Steem simply by bringing in new investors.
This is the classic definition of a Ponzi scheme. The payout for current investors is based on new investors.
If the focus of SteemIt is simply to increase the price of steem by suckering in new investors; then the platform will ultimately fail and will fail in a way that hurts a lot of people.
The long term value of steem has to be based on getting Steem accepted as a currency and in building real value.
BTW if you did not notice that you suggestion that SteemIt should concentrate on inflating the price of Steem by bringing on new investors is the classic structure of a ponzi scheme; then you are the person who is uneducated.
If steemit follows the route that you advocate (paying off current investors simply by bringing in new investors), then, at some point, the people who invest in the platform will get hurt.
My background is in finance and economics. Nothing about the definition of a ponzi scheme is steem.
There is no return on investment because new investors come in. This added money isn't being paid directly to those who already own steem as a dividend or interest. This is a free market where you can see the total float, total amount tied up in steem power, and total SBD issued. This market is traded on multiple exchanges openly and freely.
Nothing about a ponzi scheme is in the open. Hence you are uneducated.
Not one thing about what I said included "paying off current investors simply by bringing in new investors". What I said is we need more total demand to increase the price as currently the supply is outpacing the demand. That is how free markets work, not ponzi schemes.