Is Steemit Dead?
Hello again,
I do not intend for this article to be click bait but I've noticed some things in my short time on steemit. I was steemit a few years ago under the account @jonazz779. In that time period the amount of money made on steemit was very low for some people which was definitely understandable.
I remember very vividly that steemit saved some people's lives. It was one of the main reasons I loved the platform. People would get donations they would get thousands of upvotes and they would be able to pay for a life changing surgery. People even had steemit be their income and their way of happiness.
https://steemit.com/steemit/@arbitrarykitten/steemit-saved-my-life
There are some problems with steemit. Bots are very controlling on steemit and it is a problem. Steemit doesn't have the big thousand dollar posts it used to have and big and trending posts barely eclipse the 100 dollar mark.
This doesn't mean this is the end for steemit. I think there was definitely hope. Steemit's appearance of deadness could also because of the crypto market not booming the way it once was. There's no $15,000 bitcoin and $1.30 steemit anymore and it is most likely one of the reasons for this.
The concept of steemit is brilliant and I still have hope this platform grows and becomes a leader in social media.
If you made it this far thank you for reading and upvote and follow for more!
Well, what you saw in the early days was in my view something that should've never happened. Ninja-mining is a word that is sometimes used. Giving out tremendous amounts of Steem to a few users resulting in most of the Steem value being in the hands of a very few. There is just a finite amount of Steem distributed on a daily bases, not sure ho much, but at some point it was something like 40k US$ worth of Steem. When you expect 100$ on a post, you'll take a large percentage of the total Steem distributed that day, so how sustainable is this. For any social network to become sucessfull, it needs a lot of users and content and somehow the new Steem minted every day needs to be distributed in a way it also gets to the new(er) users as well as to more of them. All of that means much much less $ on a post or comment than what you've seen in the early days. That said: Steem was and is introduced to bring power to a few, more or less make it a centralised decentralised social network. Same thing now is happening with EOS, where former CTP of Steemit INC moved to. Some big whales are colluding against the system.
Well put!
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Welcome to steemit @majorsquats.
Welcome the new steemians. Have a great day!
i hope not
Hey majorsquats! If you would like to make your personal feed contain the top trending media and talking points of the whole internet, consider following @coffeebreak and @topicstoday accounts - And welcome to Steem!