Interesting post. People who don't have the time or energy to invest in investigating a system often go to the old standby of the "ponzi scheme", even with those shares that have skyrocketed, the people who had their finger on the pulse and got in early benefited the most. Of course thinking that money is the only way to add value is a fallacy. Time, creativity, attention are all equally valid currencies on the Internet. I think Steemit has struck the right balance.
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Thanks @leighburke. I suppose that's something that's different in this crypto-era... With something like Facebook, or even Apple, people could see the company growing to an extent, before they could see that it had a share price, that the company had value. But with Steemit, the organisation can launch, and around the same time, the shares come out, and so it seems that the money came "out of nowhere".
James D'Angelo has a great video on this subject, talking about how the growth of a service like Twitter can happen without people knowing the value of the company, but with Bitcoin or other crypto, it's all out in the open, and so it seems very different.