Wow great post Dean!
I think i mention to you few times about Steem price and about all those over optimist blogs that mention Steem at 100 usd or even more.
The main thing that is keeping Steem on the low price is the constant supply. I mean each vote that is given generates it. It is very simple!
I always mention that because of this the most optimistic price for Steem is somewhere between 2 and 2.50 usd. Maybe i am wrong who knows!
Like you mention i am not an expert and i always like to read and learn new things.
As for the platform i think it is here to stay for a long long period of time!
And us will do the same here!😉
Have a fabulos day and always Steem On!
Actually, the upvotes don't generate it, it is the constant filling of the Reward Pool. It is done daily and automatically. I tried to explain to someone that it wasn't the same as the mined coins, which only seem like they are added at a constant price.
They said that in the 20th year, the inflow of STEEM will drop so that it won't have as high of an inflation rate. I am guessing, that at that point, those who stuck it out will be rewarded as the price goes away from the USD$1.00 point.
Very confusing how steemit even works. Does it seem unfair? Yes. Is there a better alt? Not sure.
I will enjoy posting and commenting here, but I won't be investing here. That could change, maybe if it changes to a more transparent forum, or I see something that changes my view. So much change happening everywhere like yt censoring and useless facebook, where else could we go?
Minds and Gab are apparently the only other option, but they are still limited.
Of course, getting an audience is the hard part. But, at one time, everyone was all aboard MySpace.
So much for social media platforms.