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RE: Danger: Is This The downfall of Steemit ?
The price drop does not concern me for all the reasons you stated. What concerns me is the competition: will every minnow/flounder/small sea creature jump ship to the next blockchain based social media site trying to get in on the ground floor and build a following early? Being first is a big advantage since by the time new ones pop up there may be >200k users on steem and a large number of active ones, but user retention will be tough if people think they can do better elsewhere.
A cheaper Steem price just makes me want to buy more Steem at this point, but what if there will be a new similar platform like you say, it might get people wavering.
I am a loyal person and I love Steemit. But I would be lying if I said that one of the biggest motivators to be on steemit and spend so much time here is not the money aspect and my hope and confidence that Steem and Steemit will grow. Without proper communication from the Steem leaders it's more easy to loose hope.
Now recently the sight has gotten an upgrade and I feel it functioning much better. But most likely there will be future problems appearing and I hope the communication will be better then ..
Good point, I agree with you. Is the site working great for you now?
Steem has a very big headstart. Because we already have a decent userbase and a good amount of content
If we write enough quality content as a community. Other platforms should have a hard time getting by.
In the end the whales decided when-ether the minnows can get a fair share of the pie. So watching whale behaviour is more important than the countless minnows we have.