Hey people of steem,
I want to start this post by saying yes I do think we need changes in the voting system. I have an idea for that that I think could work very well but I will discuss that in another post. And SMTs and communities will go a long way to help make content easier to view. But even without those things the site will be fine for the years to come for a couple of reasons.
Steem Has No Cap In Price:
There is no limit to how high the value of the coin can go. This means that even if you are giving out a very small amount to most users it can still be worth something. This coin price can technically be enough to support an unlimited number of users. Again I do 10% think we need to change the voting system, I am just saying we can sustain any number of users.
Traditional Revenue:
Steemit right now has no ads nor does it has other forms of monetizing that other sites do. But it can use them at any point in time. There is lots of space for ads if we wanted to use them. Or we could charge for premium services. Or look at steem monsters which made 10k in sales. There is a lot of options in this area.
Daily Rewards:
With daily rewards steemit has the revenue it needs to make it work. I do not see the price going much lower and once the bears are done I think we have a strong coin of value here.
Add to that steemit can charge for icos as smts come out and we are good to go. Yes we can be more efficient but we are going to sustain here.
