Upon the back of whose work was the gain made? There is more to the back-end than is openly shown. Authors are getting about 40%, put it that way.
@j3dy, it has been hectic and I have just been gassing away with my croaky voice for about an hour on the SteemTrail hotline. So I am away now but shall follow your endeavours on this leaky vessel.
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oh thank you very much, its nice that you have brought up the facts, it's not the first time but still you've added to the pool of information.
If you are asking how steemit got to where it is, I'm not sure either I joined in last year. There were talks of big payouts :D and rewards for curation. I haven't gotten either as of yet.
I think the value was from the initial investors and interests, then mining, then early development and hype then the people hailing it as a new and different place.
Now we have a bit of that and memories to go by, but people tend to forget rather quick around here :D
Hadn't seen the hotline and good luck to you too :)
It seems like this issue(flagiing) will blow off and as soon as the price starts going up people will be back on the steemits is great train, :| meh it seems like as long as there are money people are happy :D