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RE: Hard Fork 21: A Case For the 50/50 Curation Reward Model
You wrote about "the crashing price of steem." But I'd hardly say that it's crashing.
For the most part, the price has moved along with all other cryptos this past year and a half. That implies that the issue is not with Steem, but with the overall crypto market.
As of last February, the Steem price was still in the $0.20s. Now it's up over 50%. While we would all love it to regain its momentum of late 2017, that probably wont happen, at least not for a while.
I agree that some of the price action might be due to people moving there Steem out of their wallets and to exchanges, but I don't agree that it's a major cause for concern.
Cheers!
A year ago, STEEM wasn't ranked 65th at CoinMarketCap ... Many other cryptos have performed way better, and you get much more STEEM for one BTC than some months ago.
Hi @majes.tytyty,
I totally agrees with you and It’s my major concern about Steem, it’s so dependent of BTC price (and this would extend to the whole crypto coin world).
I think we need to find the way to detach Steem from that main stream, how?, I think the key lays on Content and how it’s accessible and used... dapps, SMT and communities may be the way.
It’s only my humble user side opinion as major technical aspects scape to my knowledge.
Cheers
As Bitcoin and the other major cryptos rise (along with gold and silver), even the smaller cryptos such as Steem will tag along for the upward swing.
And to be clear, it's not just that cryptos will simply become more valuable. The price of all fiat currencies are far above their true values, so those rates will drop. Consequently, cryptos will gain in relative value.
It's just a matter of when.
...And that’s the “trap” for Steem. Whe need to gain “independence” and keep our “content” aside of it’s influence. Whe have this as our main weapon and our great advantage. We are full of real humans willing to share human things and feelings, something that greedy coins and assets can’t provide.
We should find a way to empower our values over this crazy economic model.
Yep. For my part, I'll just keep producing quality content, and supporting the community whenever I can and in whatever way I can.
Onwards!
Another brilliant analysis. When the boss speaks, I listen.
Yes, Steem is not really crashing just as you have asserted. The overall bear market affected all cryptos but some suffered more than the rest. And Steem seems to have suffered far more than many promising cryptos out there. There was a time Steem ranked 3 now it's 65 or so. We need a radical approach because price is key for our survival in the long run. Thanks for sharing your views.
I tell people that all the time!
A year ago, STEEM wasn't ranked 65th at CoinMarketCap ... Many other cryptos have performed way better, and you get much more STEEM for one BTC than some months ago.
Keep telling them!