You are viewing a single comment's thread from:

RE: Thoughts on the future of Steem and its success (or downfall) by Federico Pistono, best-selling author

in #steemit7 years ago (edited)

The current price of steem is about $1 and i think it also seems the price wont change much in future. Steems are collected on this platform by members and distributed to users again by upvotes etc. This aproach seems to be causing inflation as steem becomes invaluable over time while there are more contents on steemit. The main idea is: if people can easily post an idiot picture or low quality content and still earns steem, this makes sense that steem cant be valuable and also shouldt be either. I think this situation can only be solved by changing the listing algorithm on steemit so that high quality content may get higher rankings even without any upvote or comments. This could be provided by adding score point calculation to steem posts in backend software so that every new post or updated post has an updated content score calculated by a content analyzing system. If you prevent low quality content be visible on top of lists than steemit will be a much better place for content generation.

Coin Marketplace

STEEM 0.32
TRX 0.11
JST 0.031
BTC 67887.98
ETH 3775.80
USDT 1.00
SBD 3.66