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RE: Steemit Exclusive: Larken Rose On Steem And How It Is Helping Power The Mirror Project

in #steemit8 years ago (edited)

the likelihood is high that they will choose to get steem if they find it preferable to creating content to earn it.

this presumes that they see utility in it commensurate with the investment. No such utility exists.

As i said in my reply to chrudtzu, i think its incredibly optimistic to believe that people will invest a huge sum for a very tiny amount of influence. I certainly wouldnt, and ive owned and run several businesses. The doctor who makes 200K a year can't really afford me, but the doctor who makes 10x that might be a client. Im the guy he goes to to find out if an investment is on the up and up.

Even absent due diligence, your doctor example just doesnt make sense. You think hes going to buy steem for the purposes of rewarding content that's published on steemit.... lets assume he he invests his entire annual salary in steem at the current price point.

Hell get about what 140K steem.... so the "reward" hell be able to distribute to this valuable content would be about two bucks. you go make that pitch, see how its recieved.

Yes, i understand that there are people who have invested money. Many (like me) already regret it (i powered up 5500 steem or so shortly after i sold the bulk of my investment in the currency)

the strongest argument against your position is simply the reality of where the price is at and where it seems to be going. Now i know there are several well-"price-hype" propaganda types on the front page every day. Maybe the whales who upvote them even believe the hype.

I just wonder if theres a reality check in the furure where you guys realize that, as things stand, people don't want to buy what you got to sell.

Im not saying this to be a douche or a hater. I actually like steem as an idea, and its already made me quite a bit of money as an investor if not as a writer. At least at one point, i thought that steem was a good enough idea to take $40k out of pocket and invest it in the currency.

At the end of the day, getting people to buy steem is about delivering utility in exchange for money. youre just not offering enough utility