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RE: CASHFLOW OR CAPITAL APPRECIATION? - WHAT IS THE TRUE VALUE OF STEEMPOWER?
One neglected aspect is that that $100/day rate is not a steady state and will trend down until we find equilibrium.
People are obsessing about the wrong things -- we need for people to have a reason to BUY Steem and HOLD Steem in order for it to maintain value. Whether that reason is advertising revenue that goes only to SP holders, or additional SP interest that flows much more highly to SP holders, or something else, I don't know. But this is the key graph that no one focuses on.
This and onboarding high quality new users are everything:
https://plot.ly/~lukestokes/96/withdrawal-to-deposit-ratio-by-user-count-over-time/
HT @lukestokes
I'm not sure we are bound to trend down. With the new features coming out + new front ends, I wouldn't bet on things slowing down anytime soon.
Talking about buying STEEM is almost a taboo topic on Steemit. It’s weird, and I’m trying to figure it out.