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RE: Make Steemit Great Again: Fork This Place!

in #steemit8 years ago (edited)

I believe its something that will help user growth a lot.

The main driver for growth is the price. ( july spike was a perfect example) If you want to increase the price you need to give influence back to the 99%. What happens when users have more influence? Comment gets rewarded a lot more, this is just the consequences of a working system there is no need to create incentives for it.

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The main driver for growth is the price.

I don't really agree with this. The July spike brought in crypto-heads mostly because of the price yes, just cause their interests are aligned with profits and price doesn't mean that's what is the main driver for growth of normal users.

The July spike brought in a lot of influential people that would have never come without high payouts. And these people brought many of their followers with them. Hype is very important for these small projects to get off the ground. If you take monero for example, do you really think the only fact that one darknet market implemented monero is the only reason the price went from a dollar to 12 dollar? It's all the hype that was created around it, and now monero has a lot more credibility and visibility in the crypto space. The same hype brought ethereum in the spotlight. Another thing is that on steem the user base can't grow without the price increasing as rewards would keep going down for everyone until nobody want to use the site anymore.

What do you think is the main driver for growth?