This is a good read that raises a lot of awareness about the current status of Steemit. I'm still getting used to how the cryptocurrencies under Steemit works, but this do sound important.
I'm guessing that the community is currently attracting a larger chunk of users who are more into the rewards (or perhaps ONLY for the rewards). I think this may have something to do with the way some of us "market" Steemit.
Now, the more we get reward-centric, then the more uncertain the future of this community will be. Well, I just hope that we become all stewards here. By giving protection to the community, we also give protection to ourselves.
An example of recent practices is the case of @phelimint, where he is setting personal limits on the % of "withdrawal". By doing such, he pays it forward to the community. I guess we can learn from him.
Thx for the shoutout man, I think leaving it in serves two purposes it does definitely reinvent in the platform and supporting the community, but I also feel we will see much much higher steem value in the future.
No problem-o! I do have a question, since I am getting a little confused.
If SBD rises up, it allows us to buy more STEEM right? Which creates an opportunity to have higher SP as well (if we power up)? Or they really prefer to cash out due to the higher equivalent for a fiat money?
Thats correct
Correct
This depends on if you think Steem will rise or fall in value compared to the dollar. If you think its worth investing in Steem buy Steem and Steem Power, if not you can cash out.
Thank you for this @eroche!
Thank you for reading. Many things attracted me to Steem and Steemit and I really want it to continue to thrive. Giving back to the system will sow a seed where will make us all better off.