Interesting, thanks for this explanation. I hadn't thought about Steem's value dropping causing a reduction in the $ value of the post rewards, but this totally makes sense to me.
I must say, I'm concerned about the drop I'm seeing and I think it is really important for whales and dolphins to focus on proving real business value for the platform, not just the ability to accumulate currency for speculation purposes. I wrote a post about this that's at the top of my blog that argues for how we can increase the market cap through proper focus on generating sales through the platform. I'd be very curious what your thoughts are on this situation if you are willing to share.
Yes it is absolutely necessary to build more value on the platform. Many people are working on this. Cryptocurrencies are always risky investments.
I totally get that cryptocurrencies are risky investments. What do you think of the 4 ways I suggest for whales to help build more value on the platform in this post:
https://steemit.com/steemit/@nathanbrown/top-4-ways-whales-can-increase-market-capitalization-of-steem-by-local-currency-expert-and-online-marketer-consultant
Do you think what I'm suggesting will have a significant impact if enough whales do it, or do you feel I'm missing something in my analysis?