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RE: My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme
@ats-david - It may not be as much of a problem as you think. As you pointed out - the site is still in beta. Other than the price completely crashing to the point that it dies, we should not really worry about the price that much right now. Once the site is more complete (which will probably be another year or two), then we should worry about the price and attracting serious investors. For now, everything is just getting started.
No matter how low the price goes (unless it goes completely to zero) - a lower price just means more opportunity for minnows/whales to increase their stake at a lower cost.
You should check out the post Down Down We Go – And why that might not be a bad thing
Well, it isn't only the price. It's the almost complete lack of interest for users and investors alike. The user base needs to grow. If it doesn't, the inflation will kill everything too quickly. We need a steady increase in users but the users aren't coming - and when they do, they mostly don't stay. When you don't have users or investors, there's not a lot that can be done. We need better/faster social media-friendly development and better marketing.
Really the development is what needs to come first. Once the site is out of beta, the users will come and the investors will follow.