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RE: STEEM: Millions Out Of Poverty
i admit i am poor at economics but where is the money going to come from? It would help if you listed business models, who would drive them, who are the customers and how revenue will be earned (services, products, ...?)
are we assuming that all businesses will forklift themselves onto the Steem blockchain and transact on us? i am assuming that these businesses have to be in content publishing/aggregating/ curating...
today, we know that most content is not paid for. advertisements pay for it. how will that work on steemit?
People can create value it's just supply and demand. Money is now an old term. It's just value exchange with Tokens. You are the product and service.
These questions make a lot of sense. The way I see it is that there will be pay-to-play services, hopefully thousands of them using the Steem blockchain and STEEM and SBD as means of payment. This will create demand for STEEM and SBD and drive up the price of Steem Power. Anyone accumulating Steem Power at this stage is like an early stage investor in a project that has the technical capability to be the backbone of all that traffic.