Hello, I may be wrong but I'm thinking that if Steemit is not selling ads, and doesn't have companies paying for the attention of Steemers, then all that is happening is that the money from investors is being redistributed to people who publish and vote and then it's all a huge ponzi scheme. Because there's no real demand for the Token... I'd actually feel more comfortable seeing ads and knowing that someone is consuming steem and trying to buy our attention. The problem I see with promoting content is that people don't go often enough to that section and so there's no real benefit for paying for that... If I'm wrong, please correct me, I honestly want to know (if it's not a ponzi scheme).
Regards
RE: Why its good Steemit didnt have ICO and has no Ads - Based on Case of MyCellium