Users and attention. Most people decide to powerup and therefore reduce the supply. Demand for SP is easy, upvote for getting more attention on your content. The blogging is only a distribution mechanism to bootstrap a real digital currency and economy.
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thanks for your this great input
Thanks for writing that. I’ve been thinking since I got here that this blogging contest is just a foot-in-the-door technique for Steemit’s true ambitions (achieving bitcoin’s dream).