Mmh, 200k posts less than last week. That’s is a huge decrease! Wonder what can explain this.
Is the whale war takings its toll?
On the other hand more chance that our posts getting noticed!
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Mmh, 200k posts less than last week. That’s is a huge decrease! Wonder what can explain this.
Is the whale war takings its toll?
On the other hand more chance that our posts getting noticed!
I think it's due to the lower Steem price.
That's right!
In addition, more Steem is available in the reward pool :)
Yep, it really seems that the value of Steem is correlated to the amount of posts that are made on the blockchain.
Thx for the explanation.
Personally not so busy with the value of steem. Don’t look at the value now because the value will increase. As long as post, regardless of the value of Steem, your power will increase, which will have much more value in the future.
Or am I missing something?
Thats entirely correct. I think most people know this. But then when the look at the reward$, they see a lower number due to lower steem price and they get demotivated. So I think its a subconscious psychological effect.
It probably is. But they have to see it as an investment in the future.
Most do post and comment for the money. It is ridiculous browsing through comments, even in this post, how people think that they could get an upvote or get noticed.
They forget that a genuine comment or post, is the only thing that works.
I will repeat myself again. I rather have a genuine comment on my post than an upvote. If I do get both, even if it is a 1 cent comment, I feel like I just hit the jackpot. This cause I wrote something down which others find interesting!
Let me add that there is some value of thinking in the value right now. Assuming you just want to make money and if you spend 1h on posting and that brings you 1$ now, you could better work some job for 5$ and invest that in steem at the current price.
That's a good point. Right now it's not really "worth it" for most people to create posts, so they could absolutely follow your advice and invest instead ;)
Absolutely true! I personally think that Steem will hit a $100 price per token in a few years, so that means that to me investment, even a 10 cent upvote is worth $10 ;) But of course anything can happen, but I'm ready to hodl for a long time!
Probably a resulting of the overall negative sentiment in the crypto market unfortunately. With that being said, as long as the platform keeps growing it will eventual separate itself somewhat from factors relating to the rest of the market.
While a coin is the backbone of Steemit. I don't relate them. I'm here cause I like to be here and if this does bring some extra cash, I wont decline it.
It will be the facebook of the future.
Just had a long discussion with a colleague during our lunch walk. I was trying to explain how it works. And the only reply I was getting was: ow so it is just a Ponzi-scheme. Need to do some more investigation to be able to promote Steemit better to other people! I just failed miserably.
haha yes, this would be a great steemit post actually. "How to promote steemit to your friends in 2 minutes".
Yeah, it is kind of complicated to understand at the moment... Especially to people outside the crypto world. One of the main things holding Steemit back in my opinion is the new users backlog. Anyone have any idea why it takes AGES to get an account approved? I convinced a friend to join recently, and he has been waiting 3 days now! That is a huge turn off for new members if they have to wait so long to get access!
It believe that at the moment there is some human intervention needed for the approval of new account. As far as I know they are changing the approval process. So it should go quicker in the future.
Good, I hope so. That is a much needed change.