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Recently I've been watching people solve the fictional problem of End-Users and Content Creators selling Steem.
In 2016 Steem launched mostly as SteemIt with a few people holding a huge amount of stake and marketing a Social Media application. We had one front-end and one front door. Making it easy for people to find Steem and sign up. Thousands did.
Some of our early users did invest and many held. However, they could not support the selling rate of a few huge stakeholders.
The last months of 2016 and 2017 saw mainstream showing a lot of Interest in crypto and many people without previous crypto experience were able to find Steem sign up and learn about crypto, meanwhile those early miners sold. SteemIt Inc sold to support their business, dan and ned sold, Bernie sold, Smooth sold, Abit sold, etc.
Sometimes People Say Stupid Things and Others Repeat It.
As the price trended downward the idea that Content Creators were not "buying" began to circulate with the large stakeholders. The concept that somehow the "bloggers" were draining the new Steem. caught on, and It's hilarious. Please look at the chart above and tell me how it is possible for those people to have more than a tiny impact on the price.
Several gaming blogging and various sites have launched and seen huge support from our own community pushing those games up on the sites that provide information on dapps. Is it because the games were great? Or is it because our community is great? I say it both and mostly the community.
From the beginning, we have ignored large stakeholders using the inflation pool to stack Steem rather than add value to Steem and if that behavior continues we will continue to see the same results.
Our DPOS system combined with Stake elected witnesses who control the decisions that have been made and the code that has been dropped, the marketing that has been done (or not done) Now they have decided that the Authors earn to much. :) (Not all of them think this, it is those who say and repeat stupid things without validation)
As I watch the conversations about how to move forward and a bunch of people who have done very little to add value and very little to analyze what has happened talk about making this an investor-friendly space, and it is painful to watch.
The Inflation Pool should be used to support those who are doing things that grow the economy of Steem. Those efforts could be anywhere from site cleaning to posting real content and engaging, to running a witness, building an App or many other things. However it seems some of our decision makers no longer understand that the part of Steem that works is the community full of people who use, clean, build, and run these apps.
The bull market is here again, everyone is talking about crypto. We have the ability to onboard and train mainstream users... but will we?
Stay tuned...
@whatsup