What other coins? I'm not aware of any coins that provide for any other mechanism than capital gains for ROI. Were we to end profiteering from Steem rewards, I'm pretty confident that the value of Steem would rise very quickly, and begin to accurately reflect the quality of the blockchain and our use case. Social media has proven to be the most valuable business model in the world today. That's what the FAANGs have proven.

Given our use case, the profiteering has been an incredible deterrence to capital gains. The token Steem is much better currency than BTC, ETH, or almost any other, and is consistently ranked amongst the top ten. There is no better use case. That our market cap has been dropping is a testament to the harmful effects of extracting the value of social media content before it can inure to the investment vehicle.

If you had lots of SP and rewards were capped so that the maximum amount of Steem you could extract from one vote was 1 Steem, would you bother trying? It'd be a complete waste of time better spend on more profitable pursuits. There'd be no point to votebots, either.

Capital gains have successfully repaid investors since before there was money. It encourages investors to increase the value of the investment vehicle, whether oxen, gold, or stock certificates today. It will work great for Steem too. We've proven profiteering will not work in the last three years. I reckon we should make the switch to a functional reward system, not make the profiteering more profitable as EIP will.