I'm sure I'm not the only one. Have an account that had an account value of over $3,300. Still post an article typically once a week and always curate and comment. Now the account value is around $800.
How are you staying encouraged on this site? Seems we need to make some changes or else steemit may be one of the dead cryptos when it has some of the strongest potential of any blockchain. Anyone know any improvements being made that may help smaller accounts gain momentum?
Occasionally, we all need to vent. This is mine.
I think it can go to $1,000 but first I think it could go down to around 10 cents. I definitely see 50 cents in the future. If it hits 10 cents I do plan on buying.
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I think at some point if it goes that low then the design model may prove to be flawed. At some point the witnesses need to create changes that protects those who have investment money in Steem and also not overweight the benefits to the whales. Smaller accounts need a chance to see something for their efforts.
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I think the design model is great but when you have the top accounts destroying 100's if not 1000's of accounts and scaring away investors you get a low Steem price.
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The flaw of Steemit is its too hard for newbies to grow an account. Don't get me wrong it should take allot of work but there is a threshold that members will look at and determine that the hard work isn't worth the effort and I believe this is where Steemit is stuck at the moment. I think a Max bid needs to be placed on accounts and this will help redistribute some of the rewards and perhaps help user retention. Aggressive marketing is needed as well to get the site out to the masses. Steemit has been in Beta for two years ... its time to launch.
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Agree with a lot of your points @rentmoney
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It's doable as long as you don't screw up and make a post that gets you blacklisted and attacked but it is hard. It could be easier but I guess destroying newbie accounts is more important than helping newbies.
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It is such a fine balance on many things. People who invest money should have more control but also it needs to be restrained at some point like @rentmoney points out.
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Yeah I think users might be able to handle policing but instead it is mainly Steemit and their robot minions.
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