@gingerjack I love the idea of the platform too. I make @youtube videos everyday, and most of those days I put the content here on @steemit as well. I was getting more views from Youtube, when I had no subscribers then I am on @steemit with 40 subs.
Yes the idea is good, but when I spend over $500 for SP and less then a month later is worth less then $250, it just shows that this platform is not for new people to make money, it's for new people to bring in new money for the @whales to be able to make it.
Plus they get all of the new coins that are "minted/mined" everyday, not letting any of the newbies get anything. Again it's a great idea for a platform, but they haven't fixed all of the issues. Just a couple of months ago the whole platform almost when down because it was even worse. They did something to "even out the play" a bit, but there's still so much power in the hands of the @whales that to make the changes needed to make it a worth platform would mean they would have to fork the coin and launch a whole new platform.
But until it gets big enough to capture enough attention, I don't know if there will be a competitor.