DAILY STEEM REPORT FEBRUARY, 14th ( STEEM 0.13397$ )
It would be nice to hear something from @ned and @dantheman , or do you guys think it is enough to present a roadmap and thats it? I starting to get a bit frustrated here, especially about the price which is going only in one direction , down ! TALK TO US !!!
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Hello @elyaque !! yes we are all getting a little frustrated by the prices of steem ofcourse !! I am sure it is the same for Dan and Ned !! If they are saying nothing then surely that shows that there is not much really to say for now !! We all need just to keep our eye on the ball, keep posting and fight the negative emotions which the current price brings !! i feel your frustration too dont worry ) steem On !!
What would be wrong with making a weekly comment about the status? Silence is never a good sign....
Agreed :-)
I guess they are busy with the rebranding. Going down yes, but going up it will again :)
I am sure they are busy, but its never wrong to communicate with the users....
I think so.
Like changing the name and some icons will change anything. These guys.. It's all huff and puff with some smoke screens. Always waiting for the change to come. Maybe the price is going down because the system as implemented just doesn't work. I'll start withdrawing what little I have left of my investment here as soon as something better comes along, if I would be a wise man I'd start doing it right now though.. For any new real users joining this site. Just use it to post and vote, there's no reason to put down any money. You'll thank yourself later.
@elyaque @igster:
reason why price is going down: https://steemit.com/steem/@tamim/price-of-steem#@noisy/re-tamim-price-of-steem-20170214t155152226z
If you invested your own money in Steemit, yeah, i can understand you feel a bit letdown. Personally, I started from scratch, everything I earned was from upvotes and I am very grateful for this opportunity to discover the world of cryptocurrency, blockain and all through this platform. As for the rebranding, it is an aspect which is not to be overlooked.
That is why my advice is to not buy steam, rather try to use the platform to earn it. If the group that never put any money down are happy with earnings from posting there is still chance for the platform.
@elyaque My current assessment is that too much powered down STEEM currently flooding the market. We can ask the whales currently powering down to slow down to stop the bleeding. Linked below is my Investors' report.
STEEM Investor Report 14 Feb 2017
Agreed
@elyaque as an early follower of your content, I appreciate that you have been consistently pushing this out daily. This is always my first read when I jump on Steemit.
I think the power downs, the price and the volume of liquid STEEM on the market are all symptoms of a much larger problem which was never addressed and continues not to be addressed: a broken system of vote power vesting.
Because each vest has the same vote strength, whales will always have massive concentrations of voting power which will always be out of reach from the average user. Consequently, no matter how much an individual powers up, the strength of their vote will never increase beyond a specific threshold. In fact, unless you are consistently earning more in rewards than the curation bots of whales earn, the power of your vote will consistently be lower and more diluted every day.
I think writers who do not write content under the top three most popular tags, yet grab lots of page views have come to realize it does not matter how many registered users attention and upvotes they grab. If they are not on the right bot train with the right few individuals with the right concentrations of STEEM power, they will never earn more than X amount of rewards, regardless of how many followers and regular readers their content grabs. So, they begin to ask what's the point in writing and powering up? In their mind, it's better to take the rewards and dump them because tomorrow liquid STEEM will be lower.
For curators, it's in their best interest to join bot trains to maximize their curation rewards because they realize their voting power has zero effect on the trending page and they realize in the current system it will never change. Moreover, why do I need huge amounts of STEEM power, when I can just hitch a bot to the right train, voting on the same handful of posts and authors to get consistent curation rewards? I don't need STEEM power to profit so it's in my best interest to dump everything I get because the price today will be higher than yesterday.
The only utility STEEM currently has is the implied advantages of vote power. That is all. As long as the vote power vesting remains broken and is perceived to have no real value, then the underlying asset to commoditize its utility will reflect that.
Thanks I appreciate it. It is not always easy to write the Report everyday, it takes a lot of time, and believe me I was very often at the point to stop, but people like you give me the strength to keep going, thank you.
I guess the next 4 week the will go way more down, but then the power down circle of 13 weeks will have an end...
Check my post from the last Hardfork day:
https://steemit.com/steemit/@elyaque/daily-steem-report-december-6th-steem-0-32767usd
That was the 6th of December, so that means we are now at end of week 10. So 3 weeks to go.... Guess after the Powerdown circle finished after 13 weeks, we will see the price start to go up slowly....
Why is it going down and what do we do to kick it back up?
Hey @pitterpatter long time no see, how are you doing? I see you you have a way better Reputation then last time :) I am just a bit pissed about the lack of communication from @ned and @dan
Ah... thank you @elyaque. I am doing well and still a minnow/Steemian. I am frustrated not knowing all I need to know about the ins and outs on Steemit > so I am in discovery mode > finding much help from the Steemit comments/posts. I am sorry to hear most of the money to make on Steemit is through bots upvoting certain steemian's post. Are these known as cliques and if so how hard is it to for minnows to be included? How can minnows ever want to stick around Steemit if there is little attention paid for all their hard work posting. It would be good to know how to play the games here to make it all worth it.
Thank you for remembering me and caring enough to ask how I am doing. You are very kind. As far as @Ned and @dan what could they do to help us with the issues going on?
...and by the way just join steemspeak.com to hear all the insider stuff :)
Thanks!
Of course I remember you, you was the one who asked for the beginner Badges :)
I know it is hard, but there are some ways to make money, voting is one, why don't you join @fyrstikkens guild for example, and voting everybody up? Like this you get some attention as well :) Just try it: https://steemit.com/curation/@fyrstikken/i-am-starting-the-winfrey-voting-guild-and-100-people-can-join
I do not understand a lot and will have to read up on all this. I am an artist and struggle with the geek language. Thank you.
if all are dumping steem. then its serious issue
I am mad that the price is so low and I don't have any money to buy steem.
Wait a bit longer it will go down more.....
This post has been ranked within the top 10 most undervalued posts in the second half of Feb 14. We estimate that this post is undervalued by $28.57 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 14 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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i agree. would be nice to get some updates.
@elyaque by the way, how do you add the steemit symbol to your post headline ?
nice gimmick.
That's the 100% STEEM payout symbol :)
I don't added it, it shows up when you do a post with 100% reinvesting in Steempower :)