Two Important Pieces Of Information And What They Imply About What You Should Be Doing

Stay on board

@eroche is a Steemian who has become active on Steem after a long absence. He has put together one of his reports again. Like someone awakened from coma, he has been in a position of having to be explained #newsteem among many things that have taken place during his hiatus.

Check out his report.

It is notable that the number of daily posting accounts has dropped to about 6000 from about 20000 since a year ago. The number of accounts who have stopped posting must include a number of abusers on the down low with little stake who would use bid bots to buy votes for shitposts at a positive ROI. But it also includes a lot of honest Steemians who have been discouraged by the uninspiring price action and who have since quit. I believe the drop in the number of accounts might explain the fact that my author rewards are at a pretty good place in terms of dollar value despite the very low price STEEM finds itself in. :)

That fact should give everyone a pause. If you don't depend on creating content online and are not in a position of having to cash out a large proportion of what you earn on Steem or anywhere else, you might consider staying and continuing to create posts because it's easier to earn STEEM than it has been for ages. The summer of 2016 with the 100% annual inflation and spring of 2017 when STEEM hit its all-time-low of 6.9 cents must have been the only times in the history of STEEM when earning it has been easier. Strike when the iron is hot!

Then there's this piece of news dredged up by @taskmaster4450 and discussed by him in a post of his today.

Three days ago, Business Insider published a press release by Steemit, Inc on the SMT protocol being live on testnet. Spreading awareness of the fact that development has continued during the entire bear market is paramount. The press release focuses on Steem being the go-to platform for websites and web applications who want to release their "own powerful cryptocurrency customized to meet their own needs and maximize their own business and social objectives".

Just think what will happen when a few dozen websites with even some tens of thousands of active users adopt the SMT protocol offering their users a Steem account in the process. Liquid STEEM will be gobbled up by the sites for the purposes of providing their users with sufficient Resource Credits to be able to transact. In addition to an SMT, those users will be able to earn STEEM as well. The time to double down on posting and earning is now!