What is Up With Steemit?
I had a few discussions about the repercussions that are being seen after HF21, I am certain Steemit is in worse shape now than ever before but I got a lot of comments telling me that I am wrong and invariably I was asked to name one only one good author who has left the platform because of HF21. By itself this request is kind of dumb because in fact it is very difficult to find even moderately good posts on Steemit, most of us just make, let's face it, shit posts. Out of every thousand articles being posted I would bet no more than ten could be considered of very good quality. And to prove this you just have to look at the trending page, hell this page had better quality posts when it was completely taken over by bid bot voted posts.
By the way, the idea that bid bots are now a thing of the past is kind of naive, they are still in business and doing quite well, see with the new convergent reward curve it is very smart to spend three or four dollars on bid bot votes and get a good profit, hell people are now really getting a profit off of bid bots, something which wasn't happening before when what most people wanted was only eyes on their posts profits were secondary. Don't believe me? Just look at what @freedom is raking in every day from bid bot delegation profits.
But you see when people ask me to prove this it really isn't my job to prove it to anyone if you are smart and really want to see this look it up for yourself, but today somebody told me to look at @penguinpablo's reports so I did. And eureka, it is there for everyone to see, Steemit is in really bad shape, less activity, less Alexa rank, less users, less sign ups less everything but still that same group of people who are the only ones who are making a killing keep repeating that everything is Honky Dory, and it is but only for themselves.
Again if you don't believe me take a look at this:
And man, who are these guys making these big transfers and why are they making them? It looks like a conspiracy theory in the making to me. In the meantime Steem's price really sucks. OF course if this post is read, which is doubt-able I expect comments saying that I am taking penguinpablo's data out of context, but numbers are numbers.