STEEMIT needs a solid demand for STEEM to remain a viable ecosystem.
Currently the price of STEEM is going down as supply is out stripping demand.
Creating content on Steemit does not add NET value to STEEM as it is paid for in STEEM DOLLARS within the system.
Add to this the crazy inflation rate on STEEM and its easy to see why STEEM supply is higher than demand.
The ecosystem as a whole needs to find new ways to create EXTERNAL value.
Advertising revenue for example could be an external source of income for the STEEMIT economy.
Selling ad space on STEEMIT.COM for STEEM will generate implicit demand for STEEM.
Same reason the US makes the oil nations charge USD for oil...
It creates a solid demand for USD to help off-set the FED induced monetary expansion .
STEEM should copy this tested model with a more ethical outcome.
They've resisted advertising as long as possible--but thanks for telling it like it is. This world runs on ads. Just the way things work.
Spice it up with ads!
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