RE: Why Steemit Isn't Growing -- IMO
Well, I will throw another juicy bit into the mix. I think the idea is that new people buy 50SP so they can function here. Ok, but I just read a comment that made a lot of sense. Inflation for Steem is set at 8.66% for 2018. So, buying and holding steem is a losing proposition unless the up votes on the content you create can surpass this 8.66%. If you hold 1000SP, you would need about 1700 self up votes to break even. That means you have to post and up vote yourself 4-5 times at 100% every day just to break even :/
What is left for your followers? You only regenerate 20% VP, or 10 votes, per day right?
I make videos and it takes at least 6 hours per concert just to get the foota... Forget it, I'm not even going there....
We need people to buy Steem or we're done.
Your math seems off.
After buying enough SPs to gain minnow status (500 SPs) earlier this year, my total SPs is now about 604SPs, so that is 20% in about 6 or 7 months.
If it is rewards you are after then curation on big paying posts is a good approach.
The following is my voting habits since January....
My math is rough figures but not off. We are talking about 2 different things.
Say you bought 1000 Steem in January, and you did absolutely nothing; no posting, no comments, nothing. How much Steem would you have right now?
My bad.
Not a problem for me at all. We Steemians don't all think about currency creation and it's effect on the currency that already exists; but the investors do. Unfortunately the institutional investor has a bigger influence on Steem than we do, even when they don't own Steem. I watched the price of Steem go up as an entity bought up about $15 million worth of Bitcoin and that means the same could happen when he sells his Bitcoin. ( He may have sold already, I'm not in the habit of watching the market all the time)
Greetings!
My feeling about where goes Bitcoin goes the crypto market does not mean steem being a good investment at this point. It has too much inflation at the moment. Once enough eyes are on the Chain, then big money for advertising purposes may follow. Placement content at the very least paid for in steem for corporate run contests.
Ug. There is a shudder at that thought. Subscription monitored portals might be the future. 😎
1000
If pure liquid steem - maybe ( I do not know)
But SP is different. Have you ever see this:
https://steembottracker.com/steemdash/?account=vladivostok
Every 3 seconds, by doing JUST NOTHING
sp is not different
1000 sp is 1000 steem ...vesting may be different but it's still 1000 steem, thats doesn't change
It is different, as @diginomad pointed out.
You can think about Steem Power as STEEM held in a fund.
VESTS are shares in that fund. If I'm not mistaken, 15% of inflation goes to that fund.
So if you power up 1000 STEEM you get amount of VESTS that is worth 1000 STEEM at this moment. VESTS continue to be worth more STEEM and that's why you see that amount of Steem Power you have increases all the time.
sort of
lets say for sake of argument and these numbers are not accurate for the example
let's say i powered up 100 steem....for 100 sp,,,you had 100 vests for this, if you power down you will still have 100 steem but if you power up again and a year of inflation goes by at 15% and you power up 100 steem again this new 100 sp is now only valued at 85 vests but 100 sp is 100 steem no matter what. this makes sense to me and if i am wrong i am open to better explanations. i think the vests are what determine the voting power, so this is where it might makes some changes
Yeah. The idea is that a certain value of X is represented by 10 tokens. If an 11th token is created and the value of X remains the same, all tokens are now valued at X/11 instead of X/10.
it's a rough road and a steep learning curve for sure, and it's true without investors it won't sustain. This is part of my dislike with the changes in hf20, they just seemed to make it even harder for new users. We need to attract investors and I believe the people here are what make it great, and we find this out by engaging, we can't limit how much someone engages or it becomes less attractive to new people and investors, I appreciate your opinion on this.
I see mass adoption as the only viable solution. There are way too many barriers to Steem. For starters, Steem is expensive to get into. Euro, paysomeone, Dollar, paysomeone, BTC, paysomeone, Steem :/
Put it in reverse and pay 3 more some ones to get your Euros back. Who is getting paid here? Me? Hahaha.
Ok, once you are on Steemit having purchased your 50 SP and powered up, you can now start interacting with people who want quality content but never define what quality content is, uhhm, exactly. On 1 hand, they proclaim the platform should replace FaceBook, but scoff at short one liner posts, and may flag you for having the audacity to force them to read garbage as if there are no other posts to read. Now there is such a thing as the Shit Post Police, although they don't call themselves that, where you can get paid for enforcing unwritten rules by flagging.
Don't get me wrong, I love Steemit and some of the fabulous characters I've met here; but it's set up like an add agency with nothing to market but itself. We want entertainment but won't support those that create it so they leave. We need a way to turn that around.