I think you're right on Steemit. Honestly, I really don't see how it can lose. Obviously, almost anything can happen, but when something gets as popular as Steemit, it continues growing, and there are eventually millions of users/investors, it would seem as though it has almost no place to go, except up!
I don't have any data on new users, especially the retention of new users coming in, but I do know that my account was just over 370,0000 in September (when I signed up), and I believe it stands at over half a million accounts now, if what I saw yesterday was correct. I haven't actually checked. Of course many people have multiple accounts.
Steemit will become the dominate entity in social media/blogging, I do believe. It's just going to take time, some changes/upgrades, and committed users/investors. I just hope the rewards pool can keep up. :-(
So...................GO STEEMIT!
HAPPY NEW YEAR to ALL! (It's gonna be a great 2018!)
That’s the only thing I’m worried about is the reward pool. As more users come in and the whales get bigger I would believe the rewards will get smaller and nonexistent for some steemers that can’t get attraction to their posts even if there’s good content involved.
Yeah, I honestly don't know enough about how the whole system works, but I know Steem is an inflationary token, but the inflation rate decreases over time. Initially, I thought that there was a capped limit from the start.
Honestly, it seems like the system is setup to be financially abused, and you see how much money some of these posts make, it's insane, but I guess the powers-that-be took that into consideration in development.
The Steem, and Steem Dollar tokens have been doing fine, even great, so that should mean a lot of people are investing. I was about ready to use a little of my Bitcoin to buy some Steem, enough to get my Steem Power up a bit. I think when you can vote on posts and have even a $0.15 - $0.20 vote, people start remembering that. I always reinvest every bit I earn here, and I'd bet a lot of people do, hopefully.
Maybe I'm wrong, but I just don't know what will happen when there's 10 million people here. It seems like a massive amount of money would have to be coming in, especially if lots of people are pulling cash out, and I think they would be as there will be a lot of people that have a lot of Steem Power that they can Power Down.
Hopefully the platform/token will continue to do it's thing, and we can all grow Steemit and make it something incredible. I believe it's off to a great start. Just a few things that need to be worked out, such as the 'Flagging War(s).' (With great power comes great responsibility) lol
Good Luck
Couldn’t agree more.