What good is EOS?
No spiffy graphics or memes, just a question-
Since a number of the big players are pointing to STEEM's poor recent market performance, saying EOS will swamp it out of relevance in the marketplace, what good is EOS, as a coin OR a product, to the ordinary Steemian, except as a poison pill? I can well appreciate its stunning potential for developers and entrepeneurs, even existing businesses- but so many of us don't honestly consider ourselves either of those (although I'm a business owner, I can't see ANY ADVANTAGE to implement it, although it's certainly a good alternative to tools I already use it).
If we swallow that pill, what good is Steemit in a year or two, when our upvote has decimated repeatedly and devalued to nothing due to that crash in STEEM value? I'm not really whining (much), as every bit of value I've built here is due to my effort, without the slightest risk, and the amount of time has produced SOME value-return that NONE of the other social networks have EVER freely given to me and many thousands of others.
But I think these are very germane questions- how on earth can we attract new users if that occurs?
Why should we keep hanging on ourselves?
I'm far more concerned that there will come a time soon, perhaps very soon, when I can't contribute to others' fine work I value beyond my high regard and better wishes as our downward economic spiral continues locally.
Stay for the community. The money is irrelevant. Millions of people are on other social media platforms with no economic incentive. Getting to be part of a community is priceless. I find the economic incentive on steemit one of the platforms biggest downsides. It makes interactions seem less authentic. How can the platform ever reach a critical mass if people aren't getting a semblance of reality. If this is work you have to play nice or you're not going to make money. It takes away from honesty. Then things become a lie. And ultimately users disappear. That's why other platforms see such success. Users literally go because they enjoy it. They can be whoever they want to be from bigot to saint. Needless to say, I don't think EOS is the reason why prices have tanked. It's a systemic issue that needs to addressed before the platform can truly grow.
Sorry about not seeing this promptly, life constantly gets in my way.
"It's a systemic issue..."- where in the system, and how does it operate/how can it be corrected?
I'm VERY inclined to think few would persist in the tiny, tiny presence Steemit has in the world if we couldn't share the monetary manifestation of our efforts- ALL of the other major social networks and internet services (media streaming, auction sites, etc.) are, every last one do NOT offer that direct opportunity , every single one keeps 10 or 20 fingers in the pie. That's alright, they put the infrastructure together, etc.- but there is a single-minded (and completely predictable) profit motive in their continued operation- and they show no indicatea they will not always consider the generators of the overwhelming portion of the content they host as captive revenue centers, rather than as justifiable operational expenses.
You say, "you have to play nice"- but I've not noticed any strong relationship between reward and "playing nice" here (in posting, anyway, and commenting doesn't seem to be particularly rewarding (directly)), certainly NOT linear; there's JUST enough range in the communities that I can support ONLY what I actually like/am interested in/desperately want to contribute to, yet share in the rewards pool to whatever minor extent I can. And I'll plug those people by resteeming, etc., and those rewards I get makes the difference between the vaporware of fond wishes and putting a penny towards a teacher ( @gigantomachia ), a musician(@stellabelle ), or a researcher who might just help save the world (@homosymbion)
"...every bit of value I've built here is due to my effort, without the slightest risk, and the amount of time has produced SOME value-return that NONE of the other social networks have EVER freely given to me and many thousands of others."
this is why i think new users will come. :)
i'm fairly new to steemit and looking to power up a few days from now. i dont blog, just comment and like post. but why do i purchase steem? 1. it's cheap right now. 2.) it's speculative, but i think it will increase in value fundamental wise due to the reasons you stated.
technical analysis wise, it's forming a beautiful cup and handle. I want more (valuable) steem coins for free, so why not power up and earn some coins.