The problem is that what we have right now is not bringing in new INVESTORS (buyers) to Steem. Regardless of how good SteemIT may be doing or not doing, we still need someone to buy all of this Steem that is being created every day. Without a reason to invest (most don't invest to give away potential earnings) the price will decline.
I honestly don't care what people think about what I may or may not do with my @xxxxxxxxxx account, they will all see in due time. If I wanted thanks for all of the things I do, I'd change my approach and let people blow me all day.
Everyone delegate 1 SP to @xxxxxxxxxx, just for fun.
I did
steemconnect 1.0 SP delegation to @xxxxxxxxxx.Hi @justinashby! Special squad of highly trained hamsters prepared this delegation link for you:
Thank you I used steemworld.org instead.
True, and I would invest if I could afford it. But, that's because I've been here long enough to see all the great things about this place.
If I just heard about Steemit though, and had money to invest, I'd most likely look elsewhere. I mean, why should I invest in Steem? To actively self-vote and reward myself to get as good ROI as possible short term, or would I use my stake to reward others, in an attempt to make the currency increase in value?
Talk about SMT's or whatever, but I don't find it likely to see a big company or millionaire investors coming to this place and start producing content. I bet they want to be passive investors. So what options are there? - Delegate to bid-bots to grow their stake or curate others?
But would someone actually use their stakes to reward others, meanwhile we have this destructive behaviour around here? Look at the trending pages. Sure, a good way to earn for those who can afford buying the votes... But it also makes it more difficult for others to earn, as they'll get further down the list and are not as likely to be seen.
So, the rich gets richer and the rest of us gets nothing. I do what I do, in an attempt to grow those other users. It's going slow but something happens. We encourage and inspire people who's here already. I truly believe that these people will be more likely to invest something rather than nothing in the near future due to that.
The fact that people like Jerry Scamfield and his knucklehead friends have been sitting on the top of the trending pages for ages, promoting their shitty products is bad advertising for the entire platform... And nothing have been done to prevent it.
I honestly think that we need to cure the disease from the inside, before we can start to daydream about getting investors on board.
But hey, this is just some garbage from a random Swede with ~1500 SP, so why should anyone listen to me? - Thanks for letting me vent for a moment.
rich gets richer and the rest of us gets nothing" - spot on! my own thoughts as well. serious investors are unlikely to participate in this de facto Investment platform (not the "alternative social network" as it supposed to be) - you are right in that.
so, as someone has repeatedly pointed out (or rather quoted comments on her FB group) that it is more like a scam-like / Ponzi model, which depends on constant recruiting of new members and inflow of fresh capital merely to keep such model afloat.@hitmeasap, many good points made! particularly RE: "
that's why I agree with your call for supporting others, i.e. Delegation into real humans, PEOPLE, who would create that Content - not into "bid-bots", as you've rightly pointed out. after all, that's what this whole ecosystem was supposed to be all about: content creation, curation, interacting, socializing, which rewards participants for all such actions. "Blockchain of Mutual Delegation" as I prefer to call it.
Serious question, though.
How do you plan on getting past those gatekeepers at STINC? Or, are you trying something that dodges them altogether?
Maybe I'm way off the mark. I'm hoping it's something that will drive commerce, like ways to spend and burn Steem, versus just the current speculative coin.
I am working out the conditions of the types of projects that can potentially be supported but I will likely exclude those that are steemit-based and favor those like what you mentioned above. We need to build services that utilize the Steem blockchain, not keep relying on "Steemit" to be the sole use case.
Need need to get around STINC, hopefully they see some value in what will be done. If someone does need funding for a project that actually alters the chain and requires a fork, etc. we'll cross that bridge should that time come.
Bernie, I might know a way to bring in new investors. The only problem is: It involves change. Some folks like their comfort zones too much, but this would bring in a lot of outside money, eventually.
Will check it out later today.
It's a long read, juicy bits are the final third.