@ned, i hope you read this.

You clarified most of my thougths about Steemit. I also think CDN's (Content Delivery Networks) will be the forms of crpyto that will come to stay, and having being made, as social media based, its really rpomesing... Any way, it was really dissapointing for me to see @dan posts a couple day ago, "Proof of governance", basiclly explaining the rape in the reward pool (ss you brilliantly pointed out), and @ned counter-arguing with visceral thougths. The dissapointment came to see that these guys are non longer in the same track about Steemit, BUT, what i found interesting about @ned's argument, was recognizing this rape, and the actions he is planning to implement in order to counter that in SMT future. i'll quote:

(About Steemit) New players show up but can never catch those who began earlier who win more and more easily. Unlike n^2, players in linear at least don’t win more and more easily. Nevertheless, to counter this “imbalance” I am working on identity driven Oracles in SMTs to enable token systems that are analogous to scrabble games where everyone begins on equal footing, has the same number of letters to play each turn and the game ends/starts over predictably. (Source)

If that's the case, that would truly incentive quality, fairness in the distribution, and with such an interface like the one APPICS is promesing (for example), ill bet that "average Joe" will jump in and stay for decades in these platforms.

About Steemit (as social meia) if it doesnt implement greater changes, im wouldnt be so bullish neither...

However, i read the whitepaper, and i don't quiet understand how SMT and STEEM price is going to be related. @ned says if demand in A increase, demand in B will also increase. That can only be true if trade market for SMT depends on STEEM which wont be the case... maybe im missing something, i dont know...

Man, thanks for every video you have made so far, your reasoning is just flawless.
It's being a pleasure to read you.
D.