It's performing so poorly because it has had an inflation rate north of 10% through much of its existence. You are comparing it to coins with low single digit inflation rates. Of course it is going to perform worse. The reason steem has performed poorly is likely due to a whole host of reasons, but if you need your users to act altruistically for your platform to succeed, you platform is not going to succeed. It needs to be designed in a way for people to act like normal people and it not cannibalize itself. The current incarnation is not that.
RE: Response to Pharesim's Downvote Propaganda.
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Response to Pharesim's Downvote Propaganda.
The inflation rate is publicly available to folks interested in Steem without participating first. Tens of thousands of people came to Steem anyway. The profiteering was not, and almost all of those new users left. They did not leave because of the inflation, but because of the profiteering.
Inflation is relative anyway. Demand can easily exceed inflation, particularly a mere 10%. However demand, created by users, is not increasing, so inflation then becomes problematic.
You have previously explained how you expect people to come here and act contrary to their innate behaviours, social expectations, and investing experience to undertake self voting and profiteering, and now you state 'It needs to be designed in a way for people to act like normal people...'
You appear to be confused, and I think you are. Try to stick with one theory at a time, and at least you won't be confused, even if you are wrong. Now you're wrong and confused, and it's difficult to suss out what you even mean.
Also you malign people. People generally are very altruistic. Charities take in tens of billions of dollars every year from relatively poor people. Parents raise ungrateful and narcissistic children. Ordinary people desire deeply to be good, to leave a legacy of doing good, and believe that others do too. That's why fraud is so often successful.
Psychopaths, sociopaths, and narcissists behave as you believe people do. I note that projection is a common human trait, and reckon you're projecting your own values when you disparage 'people'. Give that some thought.
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You turned things personal very quickly, a sure fire tell of what someone does when realizing they are wrong in the debate.
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You mistake observing phenomena with ad homina.
At least you're consistent.
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