RE: As Bitcoin price goes up, Steem is sold down...
I up-voted, because it is no Bullshit. Ethereum, Eos, XRP, OMG all have regenerated in Price. Steem has lost relative to last Month (in a fucking Bullrun!).
Still, over 50% comes from Upbit, an exchange accused for spoofing and fake volume (Article in The Korean Times), uupps.
People are leaving, established users are leaving, when you keep accusing them for being idots and FUDsters you will end alone with a bunch of tokens nobody uses. If price has moved up ... why is there not more activity on Steemit?
yeah, we have reached another low of 3.200-3.300 daily active users. Minus the multiple accounts, minus the bots ...
Steemit (the central dAPP of the Steem ecosystem) needs some reformation. Obviously, there is no alternative, Busy is not existing at all.
"When your stock went up 30% this day, you shouldn't feel 30% smarter" - Jeff Bezos
If there are only 3000 or so active users where is all the rewards going? It's surely not going to most of us who are posting. And that highlights the problem. Active engagement with the platform is not being rewarded. Bots and speculators are taking the rewards to such an extent that only 3000 or so active accounts are here and how many of those are bots?
I guess someone with more analytic skill than me can investigate why the economy is so broken.