Thanks @rodneysreviews for your detailed response. There is certainly potential to write more economic posts relating to Steem. You have given me some ideas.
I think many people hope that the price of Steem is going to blow through the roof, which it may but it is also likely to correct itself. Rising too quickly is not really a good thing as that increase is most likely based on speculation rather than the actual value of the platform.
A concern people may have is that Steemit sounds to good to be true. Some people promote Steemit as a platform where people are just running around giving each other money and everyone gets rich. Absolutely not true, as I explain in this post. Rewards come from a rewards pool which by creation dilutes the stake of all those that hold Steem. Rewarding content comes at a price. If the wrong content is rewarded, the platform loses value and price falls as investors lose confidence.
The Steem platform is a genius idea but it is an idea that can be replicated so there will be competiton. At the moment, Steem is in a great position but complacency and bad decision-making could open the door to competitors. If the platform grows as described in the white paper, it will be very difficult for competitors to catch-up.
One of the reasons why I wrote this post was so I could have something for potential investors to read and will hopefully be encouraged to invest in Steem. We all have a role in growing the platform.