Steemit is very honest about how it is paying for growth and development. Inflation is built in and there is a growing community of users who are adding more value to Steemit and its currency in every moment of every day. Reddit has almost 40 million users. Don’t you think that Steemit, a site that pays people to post and vote while Reddit doesn’t, is going to keep growing rapidly as it adds users for at least a few years? Theoretically, it can always be growing, as developers and merchants add new features and related applications that encourage people to spend more time on the site and continue adding to it.
Did I mention that Twitter has over 300,000 users? Facebook has one billion users around the world. People on all of these sites are complaining how corporate and how controlled the content has become. With Steemit, users provide the content, and the only content control comes through users voting on the posts. Facebook, Twitter, and Reddit need advertising to survive; Steemit doesn't. If we decide to allow ads, then that's a community decision, but the real advertising comes from the upvoting of posts. “I’d switch if they paid me.” Oh yeah, Steemit does that, too. Quite the incentive, isn’t it?
We’ve established that Steemit creates more money every day. Do you know where most of each day’s money is going? Sure, Steemit’s posters and voters are being paid well. But out of every 10 dollars created, nine of them (9!) go to those who have powered up.
