You are viewing a single comment's thread from:
RE: Exchange Transfer Report: 1/22/2017 to 1/28/2017
8.73 to 1? Really? That's the highest ratio we've seen yet. 1056 accounts transferred STEEM or SBD to an exchange while only 121 accounts transferred off an exchange into their personal Steemit account. How I can view that as good? I dunno... I get how STEEM needs to be more widely distributed for this system to take off which means whales need to sell and distribute STEEM, but that means more people need to actually buy in, right?
Steem ecosystem has still a big problem: there are no ways to use steem and SBD. If the only thing you can do with them is to sell, so it's no wonder it happens.
www.steemfiles.com: Distribute your digital goods for SBD.
A marketplace would be fantastic. I'm still hoping for Dan's global domination plan to happen.
Every location that has plugged in shapeshift you can use steem to purchase at. How do you imagine that the only thing you can do is sell steem? You need to do more research before you continue complaining.
If somebody uses Shapeshift or similar service, value exits the Steem ecosystem. Basically they are just selling steem.
What I want to see is steem staying in the ecosystem. I want to see services that people want to use that accept steem and then don't sell that steem for other currencies.
A marketplace is one great way to mitigate this problem. Another way would be to implement more paid services to the blockchain, something like "promoted posts" we have now.
Price of steem consists of supply and demand. Currently there is lots of supply (as we can see from the stats), because there are lots of users who want to sell their steems. But there is very little demand, because there is not much you can use steem for. You can buy SP to improve your voting power, and you can promote your posts, but that's about it. All the rest is just investing/speculating.
Ah understood. Well I will work for steem....sooo dunno if thats along the lines you are talking about? :P