I think Steem is still finding its level. Posts earning thousands is just not sustainable IMHO. Either the value of Steem goes down or the algorithm is tweaked to give a fairer distribution. It's still early days, so a lot could change. Stemmit is still relatively small. It could be very different when it gets to a million users
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100% agree. We're in Beta, everything will be tweaked eventually. The founders/whales doing the dumping will (likely) stretch it just to the "no longer sustainable" point, then change the structure in the exact way all of us little guys are clamoring for. They are brilliant, know what they're doing, and I forget which one was with Bitcoin in it's early days.
They are obviously clever people, but this is very tricky technology to get right. Bitcoin has had to be tweaked along the way. I find the technology interesting, so I want to see where it goes. If I make some money then that's a bonus
Agreed. Then you'll maybe love my article https://steemit.com/steemit/@ibringawareness/would-you-be-on-steemit-without-the-financial-incentive-for-the-record
I love the platform, can't believe it's all free, and will hopefully be using it 10 years from now even if the payout structure goes completely bust.
I'll have a read. We really cannot know how long any internet service will last, but I assume that the Steemit blockchain is a permanent record that anyone could make available. When Tsu ran out of money their site went dark. I can export my posts, but I'd need to process the data if I want to put it back on the web. I may look at doing that as a little project.