RE: I'm looking for honest and non-fan-boyish reasons as to why the price of Steem will ever go up?
You obviously dont understand what eiawo was saying. He was telling you that steemit could be the blockchain equivalent of FB. And there is major first mover advantage with social media platforms.
And you don't understand the mechanisms for new STEEM to be printed, which is with an inflation rate of 9% per year. Is that heavy?
Do you understand what first mover advantage is for social media?
Do you agree that steemit has that for blockchain?
Do you think there is any value in having social media on blockchain? or you believe FB and reddit will always be dominant, despite proven cases of widespread censorship on those platforms?
You can answer those questions for yourself and decide if you agree with eiawo explanation of why STEEM can go to $10.
Hello dave!
I have to question but one statement here: steemit could be the blockchain equivalent of FB.
I am not so sure that Steemit will ever compete with anything else than Medium and all privately hosted blogs. Steemit kind of favors long post formats and it is not ideal to post short FB like status updates on Steemit either.
Steem however (not Steemit) might compete with all social platforms like FB, Twitter, Reddit etc. as we develop more and more additional platforms built on Steem. If those apps gain a broad audience then we might see double digit Steem prices.
Have a great day!
@ronni
Hey there @ronni, how you doing today?
Oh, and I just wanted to say, according to Dan, all future Steemit like platforms will be built atop EOS going forward, as it will have the ability to execute a godly amount of transactions simultaneously.
I have to disagree with you on the censorship part, because I have been on the abuse end of a whale who happened to disagree with something on here, flagged me, and my post was hidden and I lost all my rewards, so the whole censorship argument needs to go mate.
I think you meant 5%