Thank you for the stats.
The figures are not happy ones at all.
The volume of STEEM POWERED DOWN is disturbing especially when compared to the volume POWERED UP. Well, this clearly shows why STEEM price has be nose diving.
Also the number of posts has continously been on the decline and the number of accounts opened is also on the decline.
What is steemit not possibly doing right?
"What is steemit not possibly doing right?" The curation system sucks. When I look at the feed it's noise and crap posts. The original white paper said content creators would get paid for votes over the lifetime of the content. But the current reward system only rewards votes the content gets in the first week. This ruins the long tail effect of writing good content. If you want to get good content creators, need to make all votes get paid, not just 1st week.
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You are absolutely right @belerophon. Steemit really needs to improve a lot on the present curation system.
More so, it seems like Steemit has been Hijacked by money bags who are only here for the gains and not for the primary purpose of the platform.
More so, getting valued upvotes over the lifetime of a content will really be a great idea and a whole lot of motivation for good content creators.
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I agree with you the figures are nothing to be happy about, but I don't think it is directly caused by Steem or Steemit itself.
The price of Steem is down due to the general market sentiment in the altcoin markets. Nearly all altcoins are nose diving right now. Due to the lower Steem price it is less profitable to post on the network. The number of posts follows the price. Not vica versa.
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Thanks for the insight.
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