Maybe I'm grasping at straws. Maybe I'm getting a little too desperate. Who knows? Well, this is a continuation of the conversation I started a couple weeks ago and despite all the believers in the platform and the "community", nobody gave me the rebuttal I really wanted. A definitive reason why the STEEM token has some natural monetary value.
So, I propose a challenge. Let's see whether or not we can stop this train you see in the picture below. Is the token doomed to go to zero, or is there some invisible wall or superhero off in the distance that is going to save us? Explain why the current economics of STEEM favors the Steemian and for extra credit explain what tangible value the token brings to humanity.
I have argued that the equilibrium price of the token is zero as it is too easy to produce the coin while putting no tangible effort into anything. It's a money printer where different Steemians vandalize the currency with their so-called "quality" content. But I'm open to changing my opinion but you don't have to be nice. I'm on the train, but feel free to blow up the bridge.
If someone could please blow this bridge up and stop the zero train
So, what's the point? Why should people care about STEEM beyond that is it claims to be money? What makes STEEM worth anything? How do the economics support your thesis? Why should folks not get on board the zero train?
Conversely, you can concede and join be on board the train. There is plenty of room and we can have plenty of interesting conversations about things more important than ROI or profits like questions on the technology's tangibility and looking at alternative economic models that have different equilibrium points and social behavior.
Note that I don't want you to concede. If you legitimately have a better understanding of the grand scheme of things, then I want to hear it. Because people need to stop preaching and give folks the facts. The "unconverted" don't like to be bothered by religious cults and if you get high on your own hopium you risk turning sects of the community into such cults.
Is the zero train a cult? No. It's a metaphor and not a very good one at that. But maybe you're the hero of the story. Stop the train and save your stake. Or realize things too look too rosy and hop the zero train to prepare for the next stage of what the platform may become.