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RE: Steemit: The Current Identity and the Lack of New Investment
Isnt the problem, dan the man and ned powering down?
Looks like dan is sending like 3000$ a month to poloniex.
This will drain the volume fast right?
And lower the price even more.
Well, it's not just Dan and Ned. A lot of the early miners are powering down and selling on the exchanges. The bigger problem is the lack of useful development of needed user features on the site and the lack of any widespread marketing campaign to try to bring users to the platform. If there are enough people wanting to join Steemit because it's a great platform, that would certainly mitigate some of the downward pressures from the sell-offs.
Above anything else, this has to be an attractive platform for bloggers - and that doesn't mean that the attraction must be about potential profits from writing. We need a more diverse, creative, thriving user community with solid interaction. To get that, we need more, better creators of content. In turn, they need to be attracted here by the features of the user interface. If the interface can't attract bloggers, then the rest of it really doesn't matter much. Making money is a great incentive for bloggers, but having an easily accessible and navigable blog that can bring in and retain the average reader/follower is the first step.
First, you do the initial development. Then you bring in alpha and beta testers and correct any issues and make improvements to the interface. Then you market the product to regular users and future investors. We're in step two, but everyone is pretending that we're ready for step three - despite the fact that step two is running into some developmental issues and the initial investors are selling off. You can't get the new users and investors when the existing users and investors are jumping ship - or at least appear to be jumping ship. That's why I've continually stated that we need better communication from the upper echelons of "Steemit Inc."
Before embarking on marketing, it would be better to improve the development, otherwise the newcomers leave as many have already done.
That would be ideal. I'm not sure where they are on development. Some updates would be nice, either from the developers themselves or from the golden halls of Steemit Inc. There needs to be much more development - and while they're getting the development done, they can start putting together a marketing campaign that will be ready to roll out once the finishing touches are put on Steemit.
Everything is a process, so we can't get ahead of ourselves. First, you get the khakis. Then you get the girls.