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RE: 2 Years on Steem - Learning While Earning
@raj808, this is an awesome post, but you didn't mention HF21. Will it save STEEM, destroy it, or be agnostic and just let it be?
I believe in the principle of buying low, selling high, but I'm skeptical that STEEM will ever get to $10 again. I don't think Steem Engine is helping the platform. It's hurting it, actually. With all these additional tokens competing against STEEM for attention, how will the value ever rise? As BTC, ETH, and all the major coins have rallied in the last month, STEEM continued to fall. Not a good sign.
There's a lot to like about Steemit, but I'm wondering now if continued investment will be futile.
Cheers m8 👍🙂
But I did address HF21... Have a second read 😉
Steem will only increase in value if either things return to what it was before (no delegation = no vote selling) or it evolves into something different from a content reward platform.
That's my 100%, no holds barred estimation of what needs to happen lol
Far from the company line 🤣
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Ah, so you did. I read that last part then forgot you were talking about HF21.
Steem will have to win back some of the people it has lost. One reason it's lost so much value is because people are leaving in droves. That's not going to happen if the bidbots don't go away and the powers-that-be don't quit gaming the system. Now they have Steem Engine creating all these tokens, and a proliferation of those isn't helping the value of STEEM either.
I agree m8. And I'm one of the few who has the balls to say so on high profile posts! Everyone else seem to be band wagon jumpers. I said as much in my comment on the steemblog post, that Scot tokens have proved only one thing; that the value of a token only retains value based on hodlers/stakers and the integrity of the moderators/leaders.
Btw, I'll express the same opinion toward narrative m8! It's not a fully decentralised platform, and the token has less proven utility than steem. Not dissing narrative, just saying it how I see it! Narrative has the advantage of being a new ecosystem, and also no delegation, so no chance of bidbots... that's a good thing 👍
I will never pull my punches on stuff like that because honestly, in all humility, I'm right in what I've said time and time again about steem. Check out my comment on that steemblog post I mention in this post.
https://steemit.com/steem/@raj808/raj808-re-steemitblog-our-plan-for-onboarding-the-masses-20190725t211047496z
People voted that comment to $6.50.... enough people agreed! I expressed my opinion that steemit.Inc should use their ninja mined stake to vote all bidbots owners out of the consensus witness group. Maybe not the most decentralised option, but stinc have squandered their stake for far too long while high stake thieves have devalued the token at the expense of the platform's value proposition. I thought I'd end up downvoted to death from that comment on the stinc post, but apparently I'm not important enough to be worth the effort. If I had 1000000 SP I'm sure they might listen.
HF21 needs to work as @trafalgar and @kevinwong proposed in the original steem 'economic improvement proposal' to incentivise manual curation from all accounts... otherwise steem dies an even more 'accelerated' slow death.
If the culture doesn't change with HF21 within 3 months I'll be reassessing what I do on here. Basically, I'm not gonna create content for less than $0.25/hour pay! That's my average at the moment. This post has done better than most of my usual steem posts, mainly because of 'theycallmedan' who is one of the only 'honest to goodness' whales who manually curate!
As far as the future is concerned, I think it's possible that steem could find powerful market utility outside of a content creation platform (just look at splinterlands), but that's not a platform I can contribute content on. At the end of the day my 7000 SP is worth $1500 right now, and as I said in this post, I'd rather lose all of that than sell at $0.20/steem. It's a gamble, I'll hodl and continue to post while the payouts remain less than insulting 🙂
Wow. That was one helluva reply.
You're right about Narrative too. It's not decentralized. It doesn't claim to be. At present, it's run by Narrative staff. Some of us are dying to see the Tribunal elections so that community governance can actually take place. And we'd really like to see some utility for NRVE. There are some folks angling for it. It will be interesting to see how it turns out.
I appreciate your passion and your loyalty. You're a real charm. :-)
Excellent comment, it shows your involvement and positive attitude toward a fragile Steemit ecosystem at present. The coming months may be make or break for Steemit.