Daily Steem Price Update 2/10/2019
Good day Steemian welcome to today's Steem price update for 2/10/2019.
I have been posting the Steem price update since almost the very beginning of Steemit.com.
Many have came here to discuss the daily Steem price's and changes for over 2 years now.
I also want to mention incase your wondering that when something doesn't seem normal from the other regular "Price Updates" that the daily Steem price posts do occasionally change their format from time to time.
But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as it's important for your daily plan or strategy.
And even if you are not planing to do anything with your Steem I still recommend checking out these updates and so keeping an eye on the price.
So without further ado lets take a look at today's Daily Steem Price change for 2/10/2019.
Should you be trading with Steem today...?
It's October and like clock-work I start to get busier at work and with among other things in life, honestly I'am beginning to really not enjoy October throughout until January due to things being hectic always around these times. A surprise for many was that Steem drop from 6 days ago, I said most likely it will revert back-up as it normally does. Well for a while atleast it did as many didn't waste any time buying in. Most of it recovered but as you can see went back down again due to Bitcoins taking a fall. Bitcoins seems to be slowly recovering meaning this cheap Steem might not last too long. There were signs of this drop possibly happening weeks ago but didn't think it would happen now, also the SBD price as dropped. It will be very interesting to see what happens from here as there were some big opportunities opening to buy Steem as Bitcoins as not been this low since around June 15th! Anyway there were some workmen up on the electric poles "fixing the wires" and soon after I was cut off from the internet. I called my provider and they eventually got a engineer to me 3 days later. In one hour he fixes my internet and so I brought and added 20 extra Steem Power to make up for the losses.
NEW-STEEM continues.
The first hour one new-steem was fine but soon after Steemit came crashing down, the Dev Team quickly restored the blockchain after a problem with the new downvote pool.
With new-steem keeping this ship moving forward seems to be especially important since the HardFork21/22 switch over, this is because of both the Steemit proposal system and the new rewards curve structure making it generally more difficult for many to gain the same rewards we did prior to the Hardfork21/22. But if this all pans out there should be more opportunities for getting a higher payout reward.
HARDFORK 22?
Yes HARDFORK 22 happened but before you think SMT's are available like right now they are not. A issue was discovered after HF21 and it was preventing delegations from functioning properly. The solution was to quickly HardFork again. But the problems didn't end there the blockchain halted again soon after the fix. This time due to a bug in the new curation's reward curve. The Dev team develop a patch which did not necessitate another hardfork. But this kind of behaviour from the bug would prompt a safety catch to stop it, and luckily it did. People did ALOT of complaining about the lack of communication during the down time, still the team did put out some effort saying they were aware and working on a solution. As for Steem INC they now continue to work on bringing SMT's and actually despite the extra hardfork22 related work the team are not far off schedule for it's release. They have recently completed work for "Specific Voting" which is a means rewarding users with the desired SMT token of choice, it's a important coming feature, and while it's a needed feature it may make thing's even more confusing for new users. Steem INC have also made a huge improvement on the signup process, I'am of course referring to their on-boarding of new users. Yes it seem that now while some accounts can be approved in as little as a few minutes Steem INC claim this shouldn't effect the quality of users they accept into Steemit.com, but please before you start complaining about a certain new bad actor remember that there will always be some who get in. It also seems that "RC pools" are on their way. I know some Steemians are eagerly awaiting for this as it could be a future source of income. The RC pool's will most likely come with the release of SMT's as large stakeholders often have tons of RCs that they don’t use. And so the idea here will be the RC delegation pools will enable large stakeholders to delegate their RC's to these pools, from which then multiple of those RC's can be distributed to other users or projects without the actual need to delegating one's Steem Power in the first place. So basically just a few large Steem powerholders could delegate RC's to thousands of users at any given time. The point is this can solve and help with the on-boarding and make sure there are enough resources to keep the blockchain running smoothly without eating into more costs. Anyway there was some discussion's that the Steemit proposal system was not being used enough by regular users, in other words not enough people are voting on the proposals or showing interest, I believe this was down to much of the community not being happy about the %10 of the reward pool being cut and going towards such a system but it seems due to some efforts by Steemit INC and "influence users" there as been a growing interest. And speaking of the Steem proposal system you can now check on live proposal's within a new interface found in the Steemit wallet at: https://steemitwallet.com/proposals. This means you can cast your votes still within the safety of the steemitwallet website.
Always do your own due diligence the above is only a opinion.
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