I believe the Risk is actually extremely high that Steem will crash at some point. Just like any other pyramid type of investment, the top will cash out and masses will loose their money. This is not a safe investment by any means, so power down as soon as you have enough SP, like Craig, and enjoy the ride while the Steem price keeps rising.
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Is there any whitepaper to describe the SP increase equation in the numbers ?
If market supply and demand curves do not match then it will affect btc price.
Demand is speculative only. I would imagine that steem token give some rights to blog.
But I think that the value of token is the time of people which spent writing/reading content.
Now it is wild wild west or ponzi scheme. Problem is that gives no clear view how to montezie this time. I think that true value will be added when people start to put marketing content stealthily in funny way like sponsored advertorial. It could be incentive for companies to have most views.
The future is rather bright if they do not screw the distribution of coins too much.
The value of content is subjective. The value of Steem is based on the value of the people behind it, the Steem community. Stealth marketing is already happening but you're absolutely right.
If you look at the makeup Vlog it could be stealth marketing right there and people would never know it. I mean isn't it great for the companies who sell makeup? And nothing stops these companies or any other companies from giving sponsorship rewards in their own tokens.
Why does Facebook, Twitter or Instagram have value? Their market caps are insanely high.
They have investments in all kinds of startups and revenue is coming in. You can't directly compare them w STEEMIT
Sure you can. It's the same market as Steem only Steem is better for the users. Facebook is big now but started out just like Steem.
https://www.crunchbase.com/organization/facebook#/entity