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RE: Steemit’s Network Effect
Exactly my point. The value of Steemit is in the content on the site. As more content creators arrive, better content will emerge which will draw in more users in a positive feedback loop. So it's not the number of people, per se, but the quality of service they bring to the community.
But the only way new content can emerge is by increasing the user base. A bit of a chicken and egg scenario.