Some may not want to hear that, but circular economy (something mentioned by @ned at SteemFest) is still just an idea. It does not work as expected and it won´t until some changes are made. I will not dig further, why it´s not working, but instead provide an idea that I had and that I implemented immediately just this weekend.

The best thing about that idea is, everybody can do it on the spot.

Just some thoughts before I provide the idea. Today “circular economy” is a really nice thing in theory. Unfortunately for us, the Steemit economy works like this at the moment:

Investors put their money in the system, hoping that the bottom price is reached. Bloggers / Devs / Pre-Miners etc. take their earned money out of the system and investors get frustrated, investing less and Steemprice keeps dropping.

In my personal opinion the interest of holding steem / SBD is just wrongly placed, but who am I to judge. Maybe the fork-changes will do the deal. What we really need (and what will make almost all the opinions about the hardfork pointless) is a working “circular economy”. This means we need a bunch of different things.

Let´s do the checklist:

Investors to speed up the growth of value

Check. We have lots of them. But they get frustrated more and more, because they lose money almost every day.

Bloggers willing to provide content

Check. We have brilliant, creative minds and real savants on so many topics. The creativity boost, I recieved since I am using Steemit is unmatched. THX to all content providers!

A community that is willing to grow this thing and interact by voting, curating, reading

MEGA double CHECK. Everyone having experienced SteemFest will agree that we probably have the greatest community that ever existed on a SocialMedia.

A (stable) currency

Well… we have a currency so we have a Half-Check. It is well thought through, but the only thing stable about it, is it´s way downwards. Probably this is due to whales powering down, probably it is because of other things… I really don´t care to much, because the next point I´ll make is crucial and will make the effects of powering down etc. unimportant.

An incentive to reinvest / leave this currency in the system

Again we have a Half-Check. Yes there is the interest rate and first marketplaces appearing, BlockPay does a great job making Steem and SBD into a real currency etc.
Still too much money / Steem is taken out of the equation which is needed for a “Circular economy”. As long as there is more value taken out of the system than created or put in Steem as long Steemprice will shrink. Simple economic mathematics…
I once provided the idea of a Readers-Only-Wallet and an idea of how to implement advertising in a voluntary way. I consider both ideas still as valuable, but there have to be done a lot of developing to implement them. This new idea is much easier and can be applied immediately by everyone.

So here my idea, what everybody could and SHOULD do:

I attended a designer market for self-made stuff like wooden eyeglass frames, jewelry, decoration, jam and other food, textiles etc. There I met the organizer, a nice guy and Social-Network marketing manager. I simply talked to him, asked for his needs and what he thinks about crypto currencies.

Then I told him about Steemit. My pitch was about 2 minutes long:

1.New social Media
2.Block chain based
3.Own crypto currency
4.Amazing / absurdly high google ranking
5.Payment without fees

These are the points to convince everybody with half a brain who is working with social media. Now I hope to have risen his awareness for Steemit and Steem. I suppose, he will join the platform and promote his markets. I hope that he will in future promote Steemit to his exhibitors as marketing platform and also Steem as probable and cost free way to accept payments. (Or an easy way, with very small fees via Blockpay as @chris4210 explained on SteemFest.)
This way I talked to one person, but reached probably about 50 future points of acceptance who will provide more incentive to keep Steem in the system.

It would be fortunate to establish a new tag “marketplace” for those points of acceptance.

I think everybody knows at least one person providing a service or goods that could be traded versus Steemdollars.

TALK TO THEM! BRING THEM IN!

I already brought @lamaisonjeandel and @opmonis as points of acceptance. Hopefully more will follow.

If everybody did that (I count about 5000 active Steemians) this could be the start of a revolution and REAL “circular economy”.

Steem on!

Yours Pollux.one

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