A week ago I wrote these articles , steem at that time the price of 0.0025-0.0027, accurately predicts the price will be high probability Steem dropped to near 0.0020-0.0015, Steem When will stop falling?
I do not believe can be stopped in the last few days, as will continue to decline, at 0.0020 breakthrough when, yesterday began a large area from herding, you can see from steemdown.com
This two-day pown down in the increase, the more An increasing number of large whales and fish were sold at the beginning, so I insist that 0.0015 is the wait. when will stop falling? My answer is, when the large whales stop the robot chaos vote, more opportunities for newcomers, will change, otherwise it will continue to decline
一周以前我写了上面的文章，当时steemit的价格在0.0025-0.0027, 希望Steem的价格大概率会下跌到0.0020-0.0015附近， 我不相信在最近几天能够停止，因为还会继续下跌，当突破0.0020时，从昨天开始发生大面积羊群效应， 你可以从steemdown.com 看到，这两天的pown down在增加，越来越多的大鲸鱼和小鱼们在开始抛售, 所以我坚持认为0.0015是可以等到的. 什么时候能停止下跌？ 我的答案是，当大鲸鱼们停止机器人乱投票，给新人更多的机会时，才会发生改变，否则还会继续下跌
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I imagine a lot of people are bothered by the amount of spam and plagiarism, especially when they see it rewarded.
Aside from that, the voting incentive paradigm is still messed up - people are incentivised to vote for "sure shots" rather than do any real curation.
There are some great incentives to fight spam and reward undiscovered content creators, but maybe it will be too little too late?
hi @condra , if you could, please comment on my observation in the following. tks.
currently everyone focus (vote) too much on 'new' posts within 24 hours and as I know probably >90% payouts are given after 24h. That means gems in the history (though relatively not so long as the word suggested) won't have chance to be seen/rewarded again. Given the fact that we do have a 2nd chance 4-week reward, but come on nobody actually get much from it if any.
If somehow this can be changed (through whales voting focus change or any new rules... ) then EVEN if an author receives very little payout right now, s/he still has the incentive to continue to contribute good articles IF we let s/he see that there is truly a chance for gems to shine. And once that day has come, you might still be appreciated and rewarded. So everyone has incentive to 'invest' in own post without worrying things happening in short period of time...
What do you think? welcome comments from all ...
I wrote a detailed reply here:
https://steemit.com/steemit/@condra/would-you-let-advertisers-touch-your-typing
I see the problem with the voting incentive as you say. But the main issue, imho, is switching the focus on rewarding good content, just so it gets more views and benefits more people to "new and potential content mining". It is like making the users work like the PoW miners, in some way.
The whales powering down is not a big issue as I see (unless it reflects lack of long term trust in the platform), but rather the focus of the community.
Maybe smaller rewards could cool down this "gold rush".
Thanks for covering my tool #steemdown! Check out the original post for some discussion https://steemit.com/steem/@bitcoiner/steemdown-com-which-whales-are-powering-down
怎样去购买最便宜的steem呢？
good write up @myfirst -- I contend that the price will continue to always seek the floor until there is a tangible benefit to staying 'powered up'.
As of now, there is a large opportunity cost for NOT powering down, and the price drop confirms that cost.
A rational actor simply looks at what is lost from receiving a power down payment each week and what is lost comes nowhere near to what is gained from selling that steem.
These large whales consider their own interests, but also want to go more in the long steemit
When people are gone, leaving only your own big whales paradise
I absolutely agree with your reasons. Steemit is starting to fail because of the bot and voting system.
I've had few good posts but i'm pretty much done here for a while.
I hope in a month or so once the Dan and Ned have finished cashing in they put in changes that actually work for new comers.
Yes, we just need to wait
Perhaps this is the way the whales are "redistributing" steem to get more dolphins and whales into the game. People have been griping that better distribution was needed. Well, this is what it looks like. Short term it sucks; long term is necessary. Would you instead prefer there just be 30 whales growing their wallets forever?
redistribution is one way to look at this issue. true. and I agree somehow. but combined with the fact that there has been so many unsolved problems and complaints from all over the place, that might not be true. but indeed what is important is not about steem prices but about how good the system is, the former is just the reflection of the latter. so, whales are 'downvoting' steem is a better explanation than pursuing redistribution with public benefit.
Interesting observations!
I remember when I first came, whales are already powering down. at that time I saw some posts explaining that it's the dev team that needs money for expansion and I though it sounds reasonable or even positive. It seems this logic doesn't apply right now?
大鱼们都走了。。。