How do you think the STEEM model would work?

[spartak_t]

I'm always getting frustrated when a see some big pump (STEEM's rise in price was not natural), because a lot people are dragged into and eventually leads to big (if not huge) personal losses. I did some fast research (like 20-30 mins) on STEEM and the way I see it some posts could earn like $250 to the original poster. As far as I understand, these money should be paid by users, not by STEEM itself. The user iamnotback said something about the Facebook's profit from it's users. and this raised some concerns in me. I also did some (again fast) research on Facebook. Here is a graph for reference:



According to this graph, Facebook earns about $3.73 per user on average, on every three months (i.e. ~$15/year). FB alone has about 1.65 billion monthly active users, which means that their revenue is about $24,618Bn/year. Yeah, but it's seems that this math is wrong, because according to several sources, FB's revenue for 2015 is around $18Bn. I only have 2 questions.

1. Why do you think a post on steemit should worth $250?
2. How they will deal with posts containing illegal materials?

My personal opinion is that STEEM is doomed to FAIL.

[1714678482]

1714678482

[Tytanowy Janusz]

Because steem does not pay for posts in $. They pay it in their coins that they generate out of air what couse inflation. So final person who pay for posts are traders, holders and steem enthusiasts (who put their money on the platworm to have stronger voting power).

"According to the STEEM blockchain design, the current inflation rate of STEEM is about 8.6% per annum and about 2.1% per quarter."

Back to those 200$. I bet that most of them are pumped by steem upvote bots (that was paid by author) just to bring more attention to post (like fake likes on youtube). https://steembottracker.com/#bid


This platworm model is quite similar to ponzi shame.