There's a reason people are resteeming this.
I've been waiting for an informed post explaining Steemit from an economics perspective, because after all, it is a place of value where transactions are occurring- two fundamentals of an economic space.
I will be resteeming, to essentially bookmark it for myself, and to share with my very special group of followers. They're a special bunch. That put up (or somehow appreciate) with my lurid and occasionally rancid works of originality.
Thank you.
Nick.
Even for an economist, Steemit is not easy to explain as it does not feel like it is being driven by regularly demand and supply forces. The demand for content links back to the demand for Steem itself, which is indirectly driven by the content; It is quite circular.
An important key to the success of this platform will depend on getting the most exposure to the best content. This will attract readers/viewers which will bring in more investment and increase the value of the platform.