RE: Critical Analysis of Steem and Why I'm Invested

Fair criticism, the problems are very well covered. Can't argue with that.

But the potential of steem was completely ignored in this video. Maybe it's because you like to judge a product on what it delivers TODAY.
That's fair and maybe that is how investors should think, but I like to imagine what steem can become and invest for the end vision.

The amazing feature on steem is the paid upvote. That is what fundamentally differentiate this product from everything else. It's a powerful tool and steemit.com was a good proof of concept. Yes it's not perfect and has problems as you highlighted, but it prooves that it kinda works.

Now what's important is the following: Smart Media Tokens will provide this tool (paid upvote) to everyone soon (hopefully 2018). Imagine countless entrepreneurs trying to innovate, creating websites and phone apps with a paid upvote. The ecosystem will keep growing, and the use-cases for the paid upvote will improve.

Then one day comes a student in his dorm and creates the new facebook with an SMT. Steem just needs ONE homerun. Just one. If any website using SMTs reaches the popularity of twitter or reddit, we will have massive money in steem. And the price will grow more than a hundredfold from where it is now. Just compare the market cap to those of facebook, google, snapchat and others.

I invest in steem because I believe that this technology is very empowering, and I bet on the fact that someone will hit a homerun using it.

I could compare steem to other cryptos point by point and show easily how it is far better. I could also take the problems you mentioned and argue that increased popularity and growth will naturally solve them. But I don't want to get into an argument and just want the focus of this comment to be on the fact that ONE good Smart Media Token is all we need.