RE: User Retention: This is Our Community
If I can add something - I made a post here Skyrocketing the price of Steem
Something I wish to highlight is the fact that since there's more advantage to Steem in a 3rd world country, it's going to compound.
If I work 1 hour on a post, minimum wage here big 11, and cost of living requiring 3x minimum to live in my city; I have to make 33 hour to just maintain my lower middle class lifestyle with 3 kids. If I made 5 dollars less an hour, I'd qualify for an emergency social welfare check. I would be considered, below the poverty line.
Now my aunt in the Philippines makes $10/day usd, and is living a better actual quality of life than I am. $1usd (.5 sbd) per post is a totally reasonable use of her time. So what happens?
She signs up 100 people and they all do what they do and don't power up and cash out every Friday.
I do what I do, take a mild loss for some intrinsic value, power up so I can give with nothing in return, with no ability to cash out without losing that influence to give.
And anyone I sign up, quickly realizes they can meet their needs on Facebook, Tether, and at work like normal people.
Then when the occasional westerner does stay, they are met at every angle with pressure to do what's best for steem, or not do what's best to maintain their own stake. And as guilty privileged westerners, we comply.
And we wonder WHY the social and content dynamic is what it is, and why the cost of steem is shit? Doesn't seem like rocket science.