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RE: steem coin is overpriced
From your post, you clearly have no understanding of Steem so not buying any is a really good idea. If you want to improve your understanding, cass has very helpfully suggested you might read the whitepaper. Good luck.
Ok, missed that part "capital contribution"
but when SP will be converted in to STEEM in two years, there is can be no steemit anymore and your capital is locked for two years u cant withdraw. is very interesting but very risky when there 99% of coin/blockchain projects are dead in 6-9months. and if not mixing was few very similiar projects to steemit.
but yes, steemit atleast working.
p.s. dont think wrong about me.. i like this project very much and think if cards played right its could be big ... at least not smaller than twitter
In my opinion, vested stake or SP increases the chance of Steemit's survival. You sacrifice liquidity for influence and higher rewards. Also, you have a greater responsibility. I hope you have a play in Steemit, contribute and earn some steem. I appreciate that buying lots of Steem right now is not for you....and that is absolutely fine! :))