it's because the whales have not gifted me 500,000 SP...
...each...
trust me, once the whales kick in and lard me up, the value of STEEM will shoot up to $123.88 per
However, if y'all don't take my word on that (why does no one trust me? ;> )
The commenters make some good points..I think the best guesses are these
1- people don't know about Steemit, or how it works
I did an off-the-cuff survey on the Conservative Libertarian Fiction Alliance on facebook, and it was rare for them to have heard of it
2- people who know of it bring up the Ponzi accusation
When I first started, and I was searching for outside perspectives on Steemit, "ponzi" was usually the first SE result I got
3- There may be some bad-mouthing of the platform from content producers that did not strike it rich...leading to...
4- The community voting aspect of the platform can be abused. New users can be outvoted into dust: investors want stability...if some whales can drive down the value of the platform by attacking other users/investors, that is defintely a negative thing to take note of.
I don't have a solution to that problem, btw. Part of the appeal of the platform for me is that SP is yours to use