Steemit and other social platforms often have the problem of losing trust in them. Since I don't know the technology so well, I wondered the other day how the server capacity is actually provided for so many blog entries and whether Steemit runs a central server, but I guess that's what the Witnesses mean when they talk about their server costs and hosting. It's spread across multiple users, if I understood it correctly. So since on the one hand the operation depends on the ability and the financial possibility of the operators and Witnesses, people are probably afraid that one day this will no longer be possible and will cause more costs than revenues. ... ?

As we know, markets that have a virtual product often only work in good faith. If the belief is disturbed and a majority is impressed that their financial profits are going down the drain, it becomes clear what their intention behind the commitment was. It is always more problematic when money is the only motive to do something. It is too weak as a driver.

Habit is the second. If you've been through a peak and experienced a rich commentary and interaction section, the creative people, the content bloggers, are encouraged to be patient and not be impressed by the fact that the readership has shrunk drastically. As a blogger, I can just sit it out and wait or play it in the long run. But since I don't have any financial risk, that's easy to say.

Those who have invested, like you, can consider it risk money (as long as it's not ruining them). It's a bit like going into a casino and saying to yourself: A hundred are there to spend. Either I win or I lose everything. It will be worth the fun.

And although I like Steemit and have learned a lot here and found friends with whom I enjoy regular exchanges, I must also say that the hype about some content here is very exaggerated. The internet has so much excellent content and authors to offer that are much better than I often find on Steemit that I would say that compared to quality journalism and well written texts and productions Steemit is still quite insignificant. Which doesn't bother me.

From my point of view, the strongest barrier is the hurdle of registration. If it is as complicated as it was at the beginning to set up an account, there will still be few new users or the patience to stay with it.

Nevertheless, I'd say it's a good thing that everyone has given up or stays away who just runs a blog for a profit and not because they're passionate about blogging or producing content.

Investors and bloggers are often not of the same species, but it's good for them to join forces. What one can do, the other can finance.

It's good that you're passing the torch on. :-D

I like it a lot that you made an excursion to another topic.
Greetings!