RE: Rambling About Steem's Continuous Bleed; Steemit Inc's Potential & Disappointment
I'm a long-term steemian as you (I joined on March 19). I feel the steem market is giving us a great opportunity to grow. Low prices are very attractive to get some SteemPower.
I think so, the prices will be going lower because Steemit Inc is selling millions of steems. The money coming from advertisements into the platform are not enough to pay expenses of servers and blockchain developers salaries at Steemit inc.
From time to time I also clean my follower list, I like to curate good content of science mainly from my friends and followers.
For Steemit, a good improvement would be to remove self-voting. What do you think about?
Another idea is to get a whitelisted content creators and give a percentage of the rewards pool. It would motivate users to create better content to be in the list.
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While I agree that low prices are more of an incentive to buy for obvious reasons, I can also see why many are not bothering to do so due to the fact that there aren't particularly many signs of bullishness. It is simply smarter and more rewarding to invest that money almost all of the time lately. If something is already very weak and the developer of the blockchain is adding to that weakness, why invest?
Advertisements, in my opinion, are one of the dumbest ideas that Steemit Inc has had. Whether it produces a tiny bit of money or not, it fundamentally insults everything they claim to be solving with the existence of this blockchain itself. There are other ways they can go about raising capital.
If you joined this March, I'd say you've been fortunate. You would have missed a lot of downfall beforehand. I joined Steem in May 2017, and I've seen the cycles it's had, but nothing this bad.