Steem is transferable to anyone with an account, in three seconds. It's trustless. It doesn't clog up with 3 transactions per second. It has almost all the advantages of Bitcoin save that it's disinflationary vs. deflationary, and a whole bunch of advantages over it. Dilution is already below many major altcoins, at only 1 year in existance.
On top of that you can turn it into Steem Power to have influence in the network decision making and the reward allocation process, as well as a reduced dilution. There is also an element of social status to holding Steem Power, and social status is a greater motivator than basically anything else.
Your marketing is nice, and nothing there is untrue.
Yet the price of Steem continues to fall.
You can convince yourself, but can you convince investors?
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Investors do prefer to look at the results. And this plan is a great start and it's nice to see some people devote their time into this. Now let's work to achieve the results that will attract investors.
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Big investors will come if we get the users. If there are a lot of eyes on this platform, buying steem and powering it up will ensure their voice gets heard better.
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We'll see. Every crypto has its lows. Bitcoin fell 96% in less than a month back in 2011. It came around.
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I agree. You don't necessarily need speculating investors to make Steem valuable; it's a currency. If it were used in the real world for transactions more, it would become valuable because of the simple fact you can Buy Stuff With It, and easier than you can with, say, Bitcoin.
This is why I think marketing the currency, with the arguments you mention, for use in the real world needs to happen as well. Just being the better currency is no guarantee for success. There may be a slight hole in the marketing plan there.
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If that currency is distuibuted around the world to millions of people, adoption as a currency is inevitable.
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A very one-sided view on marketing. Millions of people may not want to have it if it isn't adopted as a currency. I think we need to both push and pull here, especially because other and increasingly similar currencies are being marketed as exactly that: convenient currencies.
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Steemit.com is a distribution system for a currency. If it is successful at that, other apps like marketplaces will do the job of giving people something to do with it. Steemit.com doesn't have to do everything.
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I refer to my previous comment. I could do this for hours.
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I agree wholeheartedly. More users doesn't inevitably create value, although new users might buy STEEM->SP to increase their visibility. But for that kind of growth to be sustainable, continual growth is necessary, aka a bubble, it seems to me. Real increase in value depends on the desirability of holding STEEM, and the main road to that goal is STEEM becoming a widely used currency.
It's a huge hole!
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The people who have been on the platform for a while know what steem can do. The problem is the new people are clueless because there is nothing to get them up to speed quickly. I know alot more about Dash because of Amanda Johnson and how she explains it. This is one of the first things I would address.
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