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RE: The Reduced Author Rewards of The Economic Improvement Proposal is Moronic and Unfair
The reasons for the price of Steem are as opaque to me as the code running system. We simply don't know why the price is as low as it is now, but I can tell you why it was much higher a year or so ago, irrational exuberance.
Well maybe Steem Inc. automatically selling around 400k Steem per week on the exchanges has something to do with it? Who would invest in Steem, knowing that Steemit Inc. is constantly pushing the price down?
I do agree with the general sentiment of the post. Why reward someone with just 50% when they've spend hours writing a post in some cases? Idk, just seems massively unfair to me.
Edit: Woops, got the numbers wrong, it's 200k per week. (Thanks Smooth)
It's 200k per week
It's true that would have an effect, though I'm not sure how much.
Thanks for having a read and I'm glad you agree. I'm beginning to think that the top 20 witnesses need to be voted out ASAP if we're to stop the whole system being geared towards "investors", i.e. themselves, instead of who the platform was supposed to foster, creators.
Please consider resteeming my post. I normally wouldn't come outright and beg for a resteem, but I really feel this is an important story that needs to be shared.