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RE: Why Steem price doesn't increase?
Agree, this is just money making and does not help to produce content. For sure, people could invest the made Steem into new promotion. But, we are talking about whales and dolphins, which do not need that.
How to stop that? I have no idea right now.
I think the investment to upvote is not a problem. It helps to receive growth. If content quality is not good for others, than they will not upvote. But this also magnet money into the platform. If we ban those who invest to steem, what do we expect ? Everyone want to get money out of steem, this is a classic economical problem. If sell more than buy price goes down. I think this is simple like demand/supply question!
If someone wrote a decent enough article and use upvote bots, there should be nothing negative about it as you said "If content quality is not good for others, than they will not upvote."
If someone publishes copy-paste, static information (such as BTC/ETH price feed) for $50, one sentence for $50: @traf, all other sort of tricks (e.g. selfvotes), it also does not look good to new investors, users and content-creators; they may seem themselves to be betrayed too (they don't have money to game the system). Flag/downvote is here for a reason.
The problem is simple. For 50$ upvote need to invest minimum 30-35$. 25% of the 50$ goes to curators, so it is minus. So the total income is 5-7$. If no income then this person never will invest more real money to steem. This consequence that less money will come to this ecosystem, so the price of steem will never goes up. I'm looking the economy part. Otherwise how the system makes money? If the money only goes out then price will drop, as we seen in the past on steemit.
Ture, it is an economic system. It is easier to create money in this system, but still, it follows the same rules.