Hello @knircky,
now I have read very careful your guidance how to find my way through the jungle.
Thank you very much again. In most positions I agree with you.

To "iPhone/Apple" I like to say:
with the iPhone in 2007 there was launched a product which could be sold by apple. The smart investor could calculate with some figures and expectations regarding the profit in future and dividend for shareholders.

• is not profit the last part in the chain to create the value of a company?
• how will Bitcoin create profit and share it with the bitcoin-holders?

Another case is STEEM and SBD. Steemit is a business-purpose. The cryptocurrency is linked with the steemit-community. The stemit-community is a value behind the token - very fine.

But yet I don't know, how steemit will earn money for non-community-members to create a value for investors and payout a dividend to the STEEM/SBD-holders.

This question is still my black hole in the big picture of the cryptocurrencies.

Best regards from the borderline to the BLACK FOREST.