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RE: Why Steemit, Inc. NEEDS to Increase the Community Creation Fee
The annual fee is a great idea...and some states (like MA) are expensive. $500 to create, $500 annual report fee.
And yes, everyone and their brother is gonna create tons of communities to lock up names. I may speculate on a few if its gonna be that cheap. That price structure is a mistake.
Name squatting isn't a thing. It won't be possible.
Btw, why compare prices of the USA which is one of the most expensive countries in the world? This platform has people from all over the world. And most of it doesn't have much money.
Valid point. Maybe it will help steem community diversify further as it is currently very USA heavy. I'm hoping for growth regardless of where it comes from.
Yeah they need to focus on other markets. But, we need to onboard good users that speak those languages. There are a couple strong international communities on here though. I think Korea and Philippines are pretty active here.
The poorer markets have more to benefit from this platform. Earnings here may not be much to us in the US, but to someone in a poor country it could benefit them a lot.