I'm and Steemit: Contest

Greetings to everyone,

The contest topic really caught my eye, and I thought, why not share my point of view but i am looking it differenty how , let me but before invite @shahid76 , @harferri and @bossj23 to the contest .

We know that all altcoins, including Steem, are facing a significant downturn, with prices dropping dramatically. This trend isn't isolated to Steem alone, but it seems to impact us here more directly, leading to a wave of demoralization among users.

I’d like to shed some light on this situation from my perspective, and also consider the viewpoints of other Steemit users who might be feeling similarly. The key issue here is that many users are primarily focused on profits—and I include myself in that category.

_source

There are a few critical factors contributing to the decline in active users during these challenging times for Steem:

1. Impact of Club Programs (50, 75, 100):These programs, which require users to convert a portion of their rewards into Steem Power, play a significant role in shaping user satisfaction. While the intention behind these programs is to encourage long-term investment in the platform, they can also lead to frustration. Many users, especially those seeking immediate returns, find the requirement to lock up rewards in Steem Power discouraging.

2. Burnsteem25 Initiative: This project burns 25% of users’ rewards, further reducing the amount of liquid Steem they can claim. While burning Steem is meant to decrease supply and potentially increase value, it also means that users see even less of their earnings in a tangible, spendable form. For those who rely on their Steemit earnings for financial support, this can be particularly disheartening.

3. Steem's Price Drop to $0.16: This significant decrease in value is perhaps the most obvious factor driving users away.

But how exactly do these factors contribute to the issue?

As I mentioned earlier, Steemit is a platform where users are often driven by the potential for profit. When the returns diminish, users naturally look for alternative platforms or sources of income that offer better rewards for their time and effort.

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So, why isn’t Steemit their top priority anymore?

Let's break it down: As I mentioned earlier, Steemit is a platform where many users are primarily motivated by the potential for profit. When those profits decrease, users naturally start looking for alternative platforms or sources of income that offer better returns for their time and effort. The issue is compounded by the current payout structure on Steemit.

The 50:50 split between liquid Steem and Steem Power, combined with the Burnsteem25 initiative, means that users are left with a much smaller portion of liquid Steem. For those participating in the Club5050 program, another 50% of their rewards are automatically converted to Steem Power, leaving them with even less liquid Steem.

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This situation is frustrating for many users. We often hear that Steem should be viewed as a long-term investment, as my friend @irawandedy pointed out. However, the ongoing frustration caused by low prices and restrictive payout structures is pushing many users to power down their accounts and seek opportunities elsewhere. If this trend continues, the platform could face serious challenges in retaining its user base.

This disappointment isn’t just a personal issue—it’s a major barrier for potential investors and a driving force behind the power-down decisions of current users. As more users become disillusioned and reduce their activity or leave the platform entirely, the situation only worsens.

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What's the solution to this problem? That's the million-dollar question, and frankly, the current situation leaves me feeling pretty worried about the future if things don't change soon.

Regards
artist1111