I visited Steemit.io many times before creating this account (it took me an entire year!). There was always a reason or two why I never signed up, despite being interested in the project.
I think you hit all of them (and more).
The outdated info in the white paper (inflation and staking period), has repelled many investors. I know, because they always mention it!
GREAT screen name.
Yeah the outdated whitepaper is a problem coming up so often lately!
Glad you got in! Steemit is just reddit + coins on the outside. But it really is a much more ambitious project than that. Yea it’s a blogging contest, but already there’s a lending market @minnowbooster and it’s used for p2p payments #steemGigs.
It’s achieving bitcoin’s dream...
Also, btc is headed for a potentially catastrophic hard fork in a couple of weeks. I’ve sold all mine to be safe. (Whatever ‘safe’ means in crypto xD)