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RE: Why Steemit, Inc. NEEDS to Increase the Community Creation Fee
Agreed, the lower steem is valued the more it will be burned. We want communities to be attractive enough that it would create a good burn rate for steem. $0.40 or 3 steem would be way too low. If it's fixed to a specific dollar value and steem goes up in value, all you have to do is hold on to your steem till you can afford a community. Any name 5-6 characters or under should be sold at a premium price. Like if you tried to register "zap" you would pay 10,000-20,000 steem or something.
For non-premium names maybe $25-50 worth of steem.