RE: Steem price and low demand - Fix it finally! Solution is waiting
Investor ideology hasn't work for Bitcoin, Bitshares, and it will not work for Steem
Bitcoin price will be at least 10 times lower right now if there was no investment offer. So it is clearly an essential part of it.
and it will not work for Steem
Why?
You clearly show a lack of understanding of how market works. Liquidty creates stability, steem is highly unliquid which means that it is highly volatile. Do you know how many bitcoin was needed to send the price to 4$ and the marketcap to 200 millions ? Only about 400 BTC. In a liquid market you would need 10 000+ btc to move the price so much. It is much easier to manipulate a market with such low volume and liquidity. The reason the price only move downward and you don't see price swings beside one going down is because nobody is buying steem. An investors willing to buy 1 000 000 $ worth of steem won't be able to do so without sending the price to 10$ + and will have to pay a premium all the way up.
Also I am curious how do you expect the rewards will be paid if you don't want investors? because people who want to blog are certainely not going to buy much steem power, they are here to make money not to spend it.
they want to remove the 2 year waiting period, so Steem can be more easily dumped like any other cryptocurrency. We should resist that.
Steem has already been dumped for 2 months, look at the charts please. The 2 year lock period hasn't prevented the dump, if anything it has accelerated it because when people feel trapped they want to get out. If you remove lock time period there will be a lot less people dumping because they know they can cash out fully at any point in time. This is basic human psychology.
Preventing people from dumping is very much against free markets. You shouldn't try to stop that but instead try to find buyers to rebalance it. Someone in the bitcoin community once said free markets expresses the will of the people. In other words the lock time period prevents people from acting rationally in the market.
So you want Steem to try to be like Bitcoin? Bitcoin will never be mainstream and will never appeal to the people Steem appeals to. Why would you look at Bitcoin as a model of success?
Steem needs to look at other similar platforms and ignore the whole crypto community and all speculators within. Those speculators who don't support Bitshares will not support Steem. They will see just another sh*tcoin and pump and dump it, which will create a temporary spike but then it will be all over, just as it was for all the others.
If the best idea the developers have to build demand is to invite pump and dump crews to Steem then I will say that concerns me a lot. No company or startup would seek to invite those kinds of speculators because they don't have much value, and to reduce the amount that Steem Power gives out will only reduce the long term support even more for Steem.
@ned has some really horrible ideas and I will predict if these ideas are implemented there will be a mass power down and rush to exit result for Steem. And what do you expect when @ned is powering down himself anyway along with many of the others who promote these ideas?