RE: Why Steemit/STEEM will fail.
it won't be a situation where you can watch it go all the way to zero it will be a case where it simply stops trading
How do you know this? Even if the exchanges delist it, this would be announced before, giving us a chance to get out.
Comparing old income to current income is a waste of time. We all know everything is connected to BTC, right? So, BTC got pumped hard, we all enjoyed the unrealistic growth for a while, and now we are back to normal growth again.
As far as users leaving because they can't make comments, perhaps they didn't notice the word beta?Or don't know the definition? I think I am right in saying Facebook was in beta for two years.
Yes, the HF was a shambles. So what? Life goes on.
Keep the faith brother. The good times are coming ;)
I am just thinking of things like tulips and 1939 stock market crash, the price never went to zero, they just stop trading. What happens to STEEM if the witnesses unplug their servers if they are not making money?
It is not only that the STEEM itself is worth so much less it is also that there is so much less activity, they needed to make it easier for new people to transact more instead of making it harder. Bitcoin is worth like half of what it was but STEEM only like a sixth.
I was often frustrated when I first started because of running out of bandwidth but I had way more bandwidth when I first started than I do now! I blew one of my 5 transactions editing a post! I got excited when I first started because I made like $300 in my first month, today my account is worth like $270! A new person will try this and quit if they can't post or vote and if they don't clear a dollar the first month. Think about how silly my wife thinks STEEM is, no ones wife is going to be impressed!
I hope I am wrong but if it continues like this then something that works more consistently will supplant it, I hope I can get in on the ground floor of that one!
Thanks for the resteem and for using your precious mana on me!