I think TSU didnt work because it was based on one currency, the us dollar and advertising.
Steemit works because of the value created and the value of a Steem token changes. The value of a dollar is more static. In other words the value of a dollar wasn't going to up, no matter how many people came to the site.
The more people that come to Steemit the more valuable Steem becomes. That's the difference.
More people on Steemit = less curator rewards though right? However more people also means more demand with a fixed amount of Supply therefore the value should increase so the rewards could normalise.
That's a good way to think of it. Yes. The fix rate of Steem per day is fixed, but the value of Steem is not. Therefore if one time you earn 1 Steem, and on that day 1 Steem is worth $2, on another day you again earn 1 Steem, but on that 1 Steem is worth $5. That's a big difference.
Gotcha!
Wow way smart! I didn't think of it that way! There is definitely more investment potential here.