RE: Don't forget, n log(n) , before it's too late (update, 1.3)
couldnt agree more. This is good comon sense!
there are 5000 daily active users on steem(it). This is critical! n log(n) also works the way down! linear loss of users means exponential loss of value. If it reaches a critical mass the network becomes too expensive to run.
I think Ned wants exatly the points you mentioned. But afaik Ned is not focussing on steem(it) anymore. He is working on a new company and social media called destiny. But there is no update yet.
" Destiny is, and will be, a team effort. And not only a team effort, but a community effort. That being said, this is a new product; an app built under a new corporate structure that incorporates new talent to execute a vision I’ve wanted to achieve for years - Make Great Communities.
Steemit CEO, Ned Scott "
3 Month ago by Ned Scott I cant inagine that he abandoned this projekt. Seems that he is not happy with steem(it) but hopefully if there is a new social-media, it will run on Steem.
Exactly!
At this point, it becomes impossible to attract new people.
Even steemSTEM community, very strong, supported by Utopian is struggling.
The top reward is about 20 (real) $
Experts in science, tech, eng... already earn 20$ per hour or more
Every hour (2500 $ per month)
How we can attract them by calling them to join and write posts for 1-2 hours and... Earn 20$?
Yet alone "ordinary users", there is nothing for them
The only group of people that can compete are those who are already earning a lot,
who would not invest too much of their time into Steem(it)
who already have a product and audience
It's the same story in every aspect...
Try to beat IKEA prices and build a box with your own hands.
Trust me, it will be impossible task for 80+ % of people
It's what I've always said in recent weeks, how do we attract more people? at this moment it is impossible. However, stem-espanol still survives because despite the low price of the network, it is still a little profitable for users, although honestly not as much as 6 months ago. My mission has always been to attract users from many countries and I am doing them, but when they ask me how much they will earn and I tell them that it is not safe, they immediately lose interest, nobody works for free. That's the problem, so the low price is not drowning, even with the value of steem at $ 1 would not be profitable.
So what are we doing?
How much more will we wait?
What should we do to increase the value of the steem?
Expect more and lose the opportunity to attract more users?
Honestly, many things are failing, there are few communities that are working for the growth of steemit.
And finally, what is the solution?
I do not think that at this moment we have people who can answer this.