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RE: Attention whales, It is time for your action
To me, it makes sense that the number of posts should decrease as the price goes down. Why's this?
When the Steem price decreases in USD terms, the amount (in US Dollars) paid out each day also goes down.
The incentive to post content is equivalent to the amount being paid out.
Therefore, as the price gets lower, the incentive to post content also lessens.
Then it is a vicious circle. The incentive is smaller, so less posts, so less network power, so less valuation, so less incentive again. The fundamental thing is money itself should not be the main force to bring users into community. The money factor should be an extra layer, not the base layer.
You could be right. I humbly disagree that it's a vicious circle.