This is how "steem" loses its value through time
It's simple:
Original steems! limited coins
Cutting value
Creating empty cheap fake steem with low quality
Why we are producing new steem in your opinion?
Because new users always come. And we have to offer them some steems to upvote posts.
So please make steem great again.
Completely agreed! resteemed & upvoted.
Thank you @ashlyns
Your reward for being in
Promotedis an upvote from @pipes.Thank you, and what do you think about my topic?
I run the @pipes account, and will answer you with my personal account, because I don't want to mix my opinions with the work I do with Pipes.
So, I think that the recent (or not so recent, but past) falling of the price is more difficult than just creating new STEEM. Also, STEEM creation is not for new account creation. Steemit, inc. has separate funds for that.
From my experience, a new user is not an additional value to grow steem value because that just cause more falling in prices. Instead of targeting investors, we are giving free coins to non-investors. I think many things have to be changed as soon as possible, there still a time to change and make things on our side.
I think that joining steemit and benefiting its features has to be with an invitation by an existed steemian. So, only interested people can join. And joiners have to pay their recruiters to give them some steems to create an account.
The price is not falling because of new users.
Why do you think that?
The price of Steem is not falling because of inflation. The inflation rate is much lower than the actual price drop. It is falling because the incentive to buy Steem as an investment is not big enough among those possible investors who know about Steem. New users aren't hurting the price because they are not the ones who sell Steem. It is much more the opposite. New users are more likely to buy a few Steem to test the buy function and because they think owning a little bit more Steem Power would be cool.
Think about that: It would just need 58 BTC to buy all Steem that are sold on Poloniex for under 10000 Satoshi. If Steemit suddenly gets popular and more new users invest a small amount the price of Steem would go up because of new users.
Because they aren't giving any pushing to steem. (all they do is just trying to get free coins: I mean no investment on markets)
I agree with your opinion.
Current curation rewards (25%) and author rewards (75%) should be reversed.
Author Compensation 25% Curation Compensation 75%.
Authors should get preferential treatment but not more compensation than investors.