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RE: Will Steem Go Viral in 2020?
I THINK (as you say, there's not a lot of communication) that the management believe steemit has very little to do with the future of steem - that is the concept of being able to earn money posting content. Rather the future lies in SMT initiatives hosted off platform (e.g. the alt tokenisation of steemmonsters) - the value of the SMTs are what is hoped (I believe) will drive up the value of steem.
I say this on the basis of the steem blue paper, which hardly mentions steemit.... this is just a test, don't forget... @exyle's done a couple of videos saying the same thing recently, pretty convincing.
Exyle is very uninformed to be honest, he simply repeats whatever good news he is told and takes optimistic views. He also uses strawman arguments to say any criticism of steem is dumb.
There is a simple principle at play here. If the economic incentives send an increasingly large amount of steem towards bad actors, over time those bad actors gain more power in the network. Once we reach a critical mass, where the bad actors have the majority of the power, the network cannot be saved.
I don't know when we reach that point. But it is clear we are moving towards it, with a majority of profits being captured by the bidbot operators.
Fair point - he also gets over-rewarded for his videos.
However, I do still agree with him that the future of steem is largely off steemit, in SMTs... that's the grand plan (or lack of one!)
As to the 'too much steem in the hands of bad actors'... eventually they'll powerdown once they can find something else to go shaft, and maybe things will pick up once they've done that?
The future is probably boom-bust cycles, that's capitalism after all!