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RE: Steem price and low demand - Fix it finally! Solution is waiting
Steem is stupid to invest in and only a fool would buy Steem. And Steem Power is only useful if it provides some utility you want. Stop trying to sell to short term speculators and focus on gamification, long term thinking, and you will have better people involved.
Maybe short term speculators are trying to take over Steem by spreading short term profit mindsets and "investor" ideology. Snap out of it.
@snowflake No not at all. I think you have to use gamification to make people want to power up. I also think you need to accept credit card and more traditional banking mechanisms so people can for example subscribe to Steemit.
The reason no one is powering up is because Steemit isn't positioning itself as a company trying to profit from power ups. It's trying to position itself as a sort of non profit. How exactly is Steemit even trying to be profitable?
Just tinging with the parameters is pointless and the fact that they want to parameterize everything to give us the illusion that by manipulating the economy maybe we can fix it? But does that work in any economy where you can just change one parameter and everything fixes?
Demand is non-existent. Maybe if there was demand then reducing the supply could be discussed but when there is no demand then it doesn't make a difference how much inflation you have.
Answering here
That's definetely not the reason. Everything is free in the social media stuff, if you gonna start charging people it's a failed business model from the start. Steemit has an advantage over other in that it actually pays .The reason is that people think that it is not worth it to power up, lose 10% of their investment every year, lock their money for 2 year for what? for merely being able to earn a few pennies through curation rewards.
As i already said steem is a complexe system trying to fix problem that don't exist. The hyperinflation has no purpose at all in the system so does the lock time period, so yeah you can definetely improve things by making them more simple and most importantly more attractive to investors. ( today investors are on the bench)
Inflation + no demand = steem at 0.00001 soon
If there was no demand and no inflation then the price would sustain better.
But ultimately the goal would be to achieve no inflation and demand so that the company ( platform) gain value over time.
Thanks for proving what I have been saying for days. Steem has no investment proposition.
So you expect the money to pay for bloggers will fall from the sky or?