On active users, I think the market cap could influence this number. Do you think that with a higher market cap it will attract more active users? Assuming the cost of maintaining an active blogger is $500 per post, at 1 post per day on average?
If a blogger is willing to post 1 high quality post per day, they can earn $182,500 per year even with your cap. But how many active bloggers can Steemit support with this market cap? Not many in the developed world.
Right now the only 2 places where I think steemit can get more users is from youtube, or from cryptocurrency traders, and for traders to get on-board with the price of steem has to go down. I don't think cryptocurrency traders are a good niche to target, because they are mostly gangsters, and value privacy very much. The transparency of steemit scares them. Blogging is a creative thing to do, so targeting creative people like youtube publishers is a better way to flow. The developers are working the ability for bloggers on platforms like wordpress and medium to integrate steem blockchain into their posts without being on steemit. Steemit will grow, but it wont grow fast, I think it's better off with a slow growth, like the growth of a human child.
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Again, even if we try to onboard more users, it might be that Steemit simply cannot afford to "reward" many more bloggers with the current market cap. The price of Steem has to go up to above $3 and keep rising for bloggers to have the confidence that they can quit their day job and put full effort into blogging. When the price is going down like this, bloggers don't know if Steemit will be able to support them and at the current price the payouts are dwindling to the point where even the top bloggers don't make much per post.
The Power Down is necessary because Steem Whales need to do that. At the same time the market cap going down is a bad signal for the current active bloggers. It means the payout pie is shrinking, and more active bloggers fighting over a shrinking pie doesn't sound so pleasant. Hopefully this trend reverse at some point because in order for Steemit to be a true success for creative content producers, and Youtube streamers, you require both a growing active blogger base, and a growing pie from which to pay that base.
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Quitting a day job to become a blogger is the worst idea ever, blogging should never be considered as something to pay the bills. A human being can physically do much more for society than blogging. We have a bounce house business to provide fun for kids parties, our lives are much ore fulfilled now than when we only depended on the Internet for money. A person who is not willing to earn money by physically interacting with their reality to provide for themselves and family does not deserve freedom and prosperity. Youtube videos about interacting with the world can earn good money, but steemit should not be the only source of income for any blogger.
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Okay this contradicts what you say before. If blogging is never to be considered as something to quit a day job for, then it's just a game, and as a game it doesn't need minimum or maximum rewards, because it's more like casino posts than paid posts.
And while it might not be a good idea to quit a day job to blog on Steemit, a lot of people blog now exclusively, and a few people who had day jobs have quit for Steemit, and I don't think this decision is wrong in the long term. In the long term blogging either will become a source of income for hundreds of millions of people if not billions, or the economy will collapse by automation leading to technological unemployment.
So I do think we should make blogging something people can live from, even if on Steemit, but I don't know if Steemit is the platform to achieve it. Youtube certainly doesn't work for most people, but neither does Steemit.
I do not agree that only one kind of person should be able to enjoy freedom and prosperity. I think even professional gamers or people who make millions from Second Life deserve freedom and prosperity if they add value.
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Recommendations for Steemit success by Craig Grant, the Internet marketing consultant extraordinaire
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The issue is creating a demand for steem. That's what pays the bloggers at the end of the day. Steemit users are selling SD or Steem on the market to people who are buying. If you want to sustain or increase the price the demand for STEEM needs to increase.
The problem I see is that the incentives of this platform seem to be trying to trick people into depositing money, powering up and now promoting a post without really showing people how to SPEND or WITHDRAW. So once people get leeward in and then realize it's more difficult than they expected to get their money out they are left with a BAD taste in their mouth.
Personally I don't think powering down should take more than a week or two. Also the interest rate are absolutely ridiculous. Creating a legitimate and fair economic system will create a demand and incentivize users to BUY more STEEM which would allow the platform to reward new content creators. Many people are hesitant to power up now with the current economic set-up.
The Steemit platform is absolutely brilliant, rewarding content creators, why over complicate things with $SD, SteemPower, interest rates, inflation rates and locking up peoples funds....
Why not just pay people out Steem and let them do what they want with it... True freedom will bring true success.
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