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RE: Stop Asking for money. This Is Not A Charity Even Though There's Plenty Of Heart.
I'm curious. You mentioned steemit is a business, then what kind of revenue model is the business? I've been unable to find the reason why people want to swap Steem for fiat. Everybody here seems to want to cash out from Steemit.
Anyone care to enlighten me?
Yeah. It's a business. People don't just give away thousands of dollars with the use of a magic wand or something like that. People swap Steem for fiat as they can use their money by doing that. They can't pay their rent or travel with Steem or SBD (at least not yet), so they convert it. (BTC/USD)
And that's not entirely true. Most people, (if you look at the established steemians) they save their earnings and build up even more. - Even though they might power down or withdraw some of their earnings to cover their living expenses.
That being said, I'm not the right person to ask for the exact revenue model, so I'll let others answer that for you.
Honestly, the reason why everyone is powering up now is to one day power down, right? At the critical point where everyone starts to power down, then what happens?
From my perspective, a majority of people are looking to power up until a point where they are able to just upvote and trade SBD for BTC. If everyone is doing the same thing, wouldn't that just remove value from Steemit?
There has to be a better way to make Steemit a platform where user organically connect and blog while having financial reward be a secondary priority.