WHAT NEEDS TO HAPPEN TO REACH $10 STEEM IN 2018: Disecting @acidyo’s comments on @timcliff’s recent post.

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Tonight, I was doing my regular late night steemit surfing and came across a very interesting post by @timcliff. You can read the post yourself HERE

In the post, he asked a question and requested answers from steemian. The question was;

What needs to happen to reach $10 steem in 2018?

When I set my eyes on the post and saw the question, I chuckled and said to myself, “This coulld only happen in your dreams.’’

I didn’t make this statement because I have disbelief in steem or doubt its potential, but I marvelled at the fact that a question like this is being raised when we are experiencing a major blood bath in the crypto space currently.

I decided to hop into the comment section and behold I saw wonderful comments answering the question that was asked by @timcliff.

Amidst these comments was one which stood at the top as one I would call the most valuable because the commenter took his time to explain some of the things he felt could be done to make steem get as high as $10 before the years runs out. This comment was made by a prominent steemian and the owner of the @ocd project called @acidyo and I am here to dissect some of the points he made.

A front-end that incentivizes users to share their posts outside the platform, whether its adrevenue based that pays out in Steem or rewards you extra for more legit views (once we get a working viewcounter back)

Here he talked about having a front end which would enable steemit users post their contents on other platforms and get rewarded in steem. Well, I feel SMTs will clear this up because the idea of small media tokens is to enable other platforms allow content creators use their platform to post their contents and then reward them in steem. This would enable the popularity and wide spread of the knowledge of steem thereby bringing more investors into the community which would be made manifest on the price of steem. I stand corrected though, just incase I am missing something out.

Combined with that a working and instant account creation tool from Steemit inc. Sure its not difficult to create accounts for users by users but it is not the best option for those that stumble upon the site and want to try it out. I've been thinking of ways for newcomers to receive a temporary account they can use to engage, post and earn their first rewards on that would buy their own accounts that way.

This very point is centered on the slow registration process encountered by newbies who want to get onboard the steemit platform. Recently, we have heard a lot of people complain of the slow registeration process and this is very bad for the system. Imagine you are an investor and you are finding it difficult getting into the platform where you want to invest in, I am pretty sure you would get frustrated and stop. This might be the case with so many investors if this issue isn’t sorted out in no distant time. Well, I have heard rumours of it being solved after HardFork 0.2. I just hope it happens fast because it is really one of our major setbacks here.

Decentralized bid-bots with whitelists & blacklists. I see no reason for middlemen to receive massive rewards from maintaining a bid bot, of course they will do whatever it takes to defend bid bots when its their main source of income which often is created through very low efforts. There needs to be some ways to punish users that stack bid bots to get onto trending no matter what the content is.

This is a call for the decentralization of bid-bots which have been a bone in the neck of the system. Presently, bid-bots are owned by some group of persons who rape the reward pool through the maintenance of the bid-bots.

We often see trash make the trending page, all thanks to bid-bots. Imagine coming into the system for the first time as an investor and all you see on the trending page are junks with massive payouts, won’t you get discouraged? Bid-bots are not harmful in the real sense of it, but their use have been abused so much by users that they have become a serious problem to the community.

Communities and bid bots that focus on certain communities could be something interesting to see. For instance not allowing users that want to stack bid bots but if proven to create quality content for that community they can trend on that tag. Also just communities being released is going to help the platform a lot for new users to find their niche interests easier and be able to create better feeds.

Here, he is trying to say that if these bid-bots can be used to promote communities having wonderful projects at hand, it would make the platform a better place and make investors and new users find a niche for themselves easily when they get on the platform. This is a call for community development and promotion using bid-nots and support from other larger communities.

SMT's and a big interest of new investors wanting to use them and fund their projects through delegations and upvotes rather than receive funding like existing ICO's do. Of course that can be possible as well depending on trust but I'd rather give teams a monthly income for their work than too much money from the get-go so they become lazy or just uninterested to provide what they promised.

Here, he talks about SMTs and how they would help with the promotion of steem and the attraction of new investors.

I decided to take the time out to make this post because I feel this is a valuable topic to discuss and the points @acidyo raised are very pertinent. At a time like this when we are experiencing a crypto blood bath, who says steem can’t rise above all other crypto and moon amidst the bearish market if things are done right around here?

Let’s all work hard to see that we achieve far beyond $10 steem but before then, we can brainstorm on this post and discuss the way forward.

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Have a lovely evening…