The value of steem is in it's utility as a currency, it's content on the blockchain, and it's perceived value as an investment.
I would of thought so. Steemit are basically buying our content & own the royalties after 6 days, That's a pretty sound business model. There are talented people on here & talented people cost good money, they aren't just getting a good deal they are getting the sale of the century.
They are getting members of staff for pennies that should cost $$,$$$ yet they instead choose to reward the cancer of it. A newbie stumbling on an article from Steemit has searched the internet for a solution & clicked Steemit to see that post by that author (The content is what they are interested in) Steemit just made a sale not to mention royalties after 6 days & any other spin offs like ad space in the future which could be worth astronomical figures long after we have brought the farm.
All that cost Steemit just cents.
They can reward the cancer & kill the host or
They can reward the host & kill the cancer.
I'm certain the latter would make a more entertaining website & if a website is more entertaining it's more marketable & profitable.
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That is what gets me, too.
Why they want to kill the golden goose is beyond me.
Sacrificing long term value to repay the investors hampers adoption, imo.
Better we make conditions ripe for mass adoption than money grab while they can to reward the early investors that will eventually move on.
Time will tell us the truth, im betting on some secrets coming out over the next couple years.