I see the Steemit problem totally in the same light as with trading cryptocurrency or any other comodity. Is the value on the market rising because of the real underlying value? Not really - there's 95% (or even more) speculation (short-term) involved. People want instant rewards not a long term investion. This attitude is then replicated to the Steem(it) odd behavior.. That's what I've been able to observe in my short confrontation with crypto world. Anyway, I'm still determined to work hard (in my spare time) on building my reputation and SP, because I'm an optimist by nature :)
Thanks for a great article!
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