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RE: Why Steemit is Keeping the Price of Steem Down
Daily rewards including curation rewards is a pool with a fixed number of steem. The only way to increase rewards is to increase the value of this pool and so increase the price of steem.
If the price of steem stay the same , the daily rewards in the pool stay the same so if the number of users increases everyone will receive less rewards.
I think the current pool amount is about 150 000$ daily for about 5000 user daily. That's about 30$ per day per user.
Now imagine there is 1 000 000 users daily and the price of steem doesn't increase, that's 0.15$ per day per user.
So can we not increase the size of the pool by adding value to steemit with a variety of content and goods to the platform.. Eg)
goods, services, virtual stores ( a virtual and physical world ), certificates, achievements, ideas, etc... Basically anything you can put a price tag on adds value to the platform (smart assets), all which can be traded for steem power and allowing steem to grow as a smart city. Steem Power would act as a key or ticket whereas steem or sbd would be used to obtain those "keys or tickets"
How about for every dollar that is used to cash out deducts 1 steem power?
This would deter me from cashing out and also enable more users to figure out how to pay with something other than cash or card.
Idk..Just throwing out ideas!
I'm not certain I understand: