Funny take on my comment. You seem to have quite missed the point.
Obviously, most investors are uninterested in the specifics of the code on which a project like this runs. Obviously, bugs will need to be fixed - and other minor corrections made - on an ongoing basis. And the return on investment is naturally an investor's main (and usually only) priority.
And yet, a serious investor estimates the potential for this investment return, and the risks associated with it, in different ways than you seem to imagine. A real investor looks at business fundamentals and upside potential. Perceived stability (of the core team, of the cost structure which includes witness pay in Steemit's case, etc), strong leadership (like staying the course to see plans through even if some poorly informed minor stakeholders get scared and start making trouble), and the revenue model's perceived viability (Steemit's revenue model is an advertising model which attempts to disintermediate the attention economy. It is experimental and thus inherently risky) are what I mean by business fundamentals.
A low token price alongside strong business fundamentals will be read by many serious investors as a good opportunity. The business fundamentals of this venture currently appear strong, and just having a workable MVP like Steemit BETA so early on in an ambitious project like this is extremely impressive. But if we start messing around with these fundamentals because of noise that idiots misread as signal, the project is in trouble.
What is your point then? Why did you say this?
the perception of instability - arising from messing with anything related to the currency or the core network that supports it - looks like a far more serious threat to the future of STEEM than whale (mis)behavior or witness compensation.
Yeah, because fundamentals must be really strong if the price is low duh..Investors will first ask themselves why the free fall, a low price is not necessarily a good opportunity and in steemit's case it's definetely not.( Read my latest posts if you are curious to know why)