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RE: STEEM Analysis :: User Growth (Is a Steemit blogger really worth $25,878?)

in #steemit8 years ago

In some ways, hearing that you are posting less is not an encouraging sign. I am not advocating posting stream of consciousness 24/7, but reducing the amount of content posted = lack of engagement, generally speaking. In the broader context, lack of engagement generally leads to abandonment and high churn rates.

I recently wrote a blog post about my thoughts on the high churn and two solutions which could be implemented to stem the tide (https://steemit.com/steemit/@lpfaust/an-open-letter-to-the-steemit-powers-that-be).

The fundamental problem I see is minnows are leaving primarily because they feel there is system which does not give them a fair opportunity at being upvoted and earning rewards. As a result, they are voting with their feet.

If the long term value of the platform is a direct result of the content generated, it stands to reason having users generate less content is a bad thing for long term value. Even more to the point, if the audience you are writing high quality content for votes with their feet and leaves the platform, the real value of the rewards you receive drops because your tokens are being sold to a shrinking group of buyers. All signs point to voting period and curation rewards rethinks are necessary.