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RE: STEEMZINE #22 - STEEM Where Is The Floor? The Fate of Steemit Is On The Line
I definitely am staying optimistic and hoping this will change. It has impacted everyone. It is concerning. We may need to determine ways those of us on steemit can help.
I've read that it is beneficial to the overall platform and price of steem to use the week long transfer of steem dollars to steem rather than simply converting quickly on the internal market or external ones such as bittrex, poloniex.
@dwinblood it is a tricky one to navigate. As there is a sense that people just want to gain and run. Which is natural. I get it but overall there will be no platform if people continue it...or if there is not great reason to keep Steem
@dwinblood @steemzine The idea behind Steem is solid, but I think the execution right now is failing because the understanding of (a) what people want from a content-site (as producers and consumers) and (b) how social networks grow mathematically, is having nowhere near as much thought put into it as the intricacies of the crypto-currency and minor adjustments to the reward system.
On a business-level, the idea of giving away large chunks of the reward pool to bitcoin celebs with overlapping fanbases is just bizaare to me.