Last week
- China's Ministry of Industry and Information Technology has ranked STEEM #2.
- Steemit reached 1 Million accounts.
There is more that can be done. We can do much better than that if STEEM and SBD were made available everywhere.
Did you happen to notice that the price of STEEM went up when it is listed on Huobi Exchange?
The number of exchanges that STEEM and SBD are available on are severely deficient. This is hindering Steemit community and forcing the price of STEEM to remain low. I evaluated the price of STEEM at $109 because a majority of the currency is locked up in Steem Power. When comparing the liquid currency and price to other currencies in the top 50, Steem should have a market price of over $100. Why is STEEM so low? It is just not made readily available because it is on very few major exchanges. Help me change that!
Lets put the lack of exchanges concept in perspective. Perhaps you want to buy a new car. You have plenty of Ford, Chevrolet, Toyota, Dodge, Mazda, Volkswagen, Subaru, and Honda dealerships where you live. They speak the same language that you use. However in order to buy a Hyundai, you have to go to another country to buy it and they don't speak your language. There is a high probability that you would not buy a Hyundai.
This is the dilemma with STEEM and SBD. As a currency, if it is not made available everywhere, then people would likely use something else. In comparison to other currencies ranked in the top 50, STEEM and SBD are severely lacking access. When people don't buy it or use it, the currency has little value and thus the price will remain low.
Other currencies have dedicated teams aggressively convincing exchanges to list their coin. STEEM seems to leave that task up to US.
Here is how you can make a difference for Steemit future.
I now have three forms to fill out and one contest.
#1
We need to let Poloniex know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the Poloniex example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-get-steem-and-sbd-wallets-working-on-poloniex-let-s-make-steem-great-again
#2
We need to let HitBTC know that there are many people that want STEEM and SBD wallets fixed on their exchange.
Here is a link to the HitBTC example. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/let-s-make-steem-great-again
#3
Follow this link to an article I wrote about listing STEEM and SBD on Cobinhood. It explains (with pictures) how I filled out the form.
https://steemit.com/steemit/@socky/how-to-request-steem-sbd-listing-on-cobinhood-exchange-by-socky
#4
Here is a new way to write a story and sneak in a mention for Binance to list SBD. If your story wins the top 50, then you can get some prizes.
https://steemit.com/steemit/@socky/enter-this-binance-contest-and-support-sbd-listing-by-socky
I am very new to steam but after sifting through some articles and such and doing the research regarding the white paper I enjoy this platform and think it will be strongly utilized in the future. One of the biggest ways I think, is in the realm of decentralization in the name of free speech. Unfortunately, other platforms such as you tube have started to censor conservative and libertarian channels and I think that this is a great alternative for the spreading of all ideologies and free speech.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very true, but keep in mind that it is still censored somewhat. The rewards and reputation are censored by the public. The content is essentially controlled by "Free Market". An author with content in which the majority public feels is distasteful will not get noticed and potentially down voted. If it is really distasteful or plagiarized, the content can be voted to the point it is hidden. The content will still however be available. A single powerful entity can still down vote content into the hidden state which is not very decentralized, but if they did that without just reason, they will fall out of favor from the public which would hurt them.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Of course, this is something I find beautiful. The fact that instead of a centralized company choosing what can go up and what can't, its the people.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am promoting STEEM everywhere I go. People still do not know about it
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That is great. I do too. People still struggle with getting on board though.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
clear writing.
why sbd so cheap this few months
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is a pegged currency. The only way to create SBD is to earn it through rewards. When the price is over $1.00, then this incentivizes people to select 50/50 reward payout. This floods the market with SBD and drives price down.
The other driver is that it is not available on multiple exchanges. Investors are reluctant to buy it up if it is not available on the exchange that they like and use.
The key is to get SBD on exchanges. That will boost the price of SBD and boost Steemit growth.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 1.74% upvote from @postpromoter courtesy of @socky!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great idea, I think I am going to sticj to some of your plans.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit