RE: Are you a Steem 1 percenter? Do you know who is?
It happens since majority of humans aren't really content creators. That will say that eventually majority of the Steem will end up in real content creators hands. The passionate ones. Since they see the value more in a community and not just the investor side to it. Clearly the market with Bid Bots will balance itself out eventually especially when it comes to people that has a short term strategy to make some quick cash and then leave to some other place.
Only issue is that below 15 SP it really feels pointless to try to get up to 50 SP haha. If you can make the process more fun and engaging that will surely help. More cool stats for example and cool stuff that people can collect that doesn't have to be real Tokens. Surely the blogging system is not what will drive long term value but it's just here to verify that humans are legit and can create real value. The ones that should have most value is people with a long term Steem strategy that will stay for a longer period.
For me I would have no issue with a price crash since it would probably drive out a lot of the greedy and the ones who are the most passionate can then stay and truly build up a middle class. Would be a bit like building up a city after World War 2. Currently right now it can be a bit problematic to delegate out power since it takes 7 days to get the value back. So there is less incentive to do it. But in the future we will probably have better wealth trickle down systems that will work more effective.
But @tarazkp is right. The should be a broader middle class. Just like in the real world the middle class keeps it going.
If we take a look of the number he did present us, there just below 10K accounts, which do have enough power to support others, projects or communities. Probably at least 10 to 15% are bot related. So that leaves around 8K accounts who can support the rest! All of the other 50K daily active accounts are fighting for their attention, just neglecting each other, which is real pity!
We did see it during mid feb, when the steem price was dropping incredible! Lots of people didn't think that it was worthwhile to continue being active. Well I kept on going, which for me was easier, because the value part is merely a nice side effect! Most of the power I own at the moment did came from those days! People forgot that it was back then much easier to get noticed and to het a share of the reward pool!
Regardless of the price, each day a less than 800K steem is generated!
A price crash is a 2 side cutting knife. Yes a lot of less serious money hungry wolves will leave but also this will hurt some of the investors who really believe in the platform, and the question is how they will react on this!
I also don't understand all the account, which barely have 50 SP, but around 100 SBD. Why did they not convert them into Steem? Those days that SBD had more value then Steem are passed and will probably never come again!
Edited: I did read most of the comments. And I did see lately a lot of post of the quality of posts! The quality of a post can't be determined based on the value of the post but based on the interaction which is going on under the post! The more interaction and the more interaction between the commenters, the better the post is in my opinion!
So based on this, this a one hell of a post! Keep them coming!
Great comment. Yes this is all very accurate. Geeks usually forget how complicated all this is for the average human to get in their head. That is why most people don't power up. It's scary and complicated and there is no help if something goes wrong. And go from 15 SP to 50 SP feels kind of pointless for a beginner.
Also what will massively drive the price of Steem won't be the content but as you say the quality communication between the users of the Steem currency. That will say the more connections you can do the better. The network effect. Every comment is a form of advertising between the users but targeted advertising that is so smooth that it's invincible. It's information that people want. The content is just there to form more connections.
Thx @phoneinf
I do still remember those days. Only been around since the beginning of January. Just like you it appears. I was always trying to take small steps, for to get rid of the delegation from the platform, then getting it up to 50 and so on!
I do hope that at the end of the year I can reach minnow status. That's the goal, we will see how it will end up!
You are right that it is some kind of advertising but it only works if you are genuine. If you are not, you could do more harm then good. We all only have one chance to make a first impression!
So, let me do some advertising :) Feel free to join the world cup contest I am hosting!
It is free and like it should there are no upvote, resteem or follow requirements :)