RE: Dear Power Peeps, Did You Learn Anything You Would Apply If Given A 2nd Chance?

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Is Steem value low enough yet for a true second chance? Will it not just mostly play out the same way?
Although Steem has been losing to both BTC and USD, including market ranking, I think they is a fundemnetal issue with inflation causing this an not Steem itself since it is better than most blockchains with higher values. I suspect quality content creators just don't think Steem is worth it as this point and we are left with niche content producers that cannot possibly onboard enough new users (myself included).



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(Edited)

I think the answer is yes to the first question. It is now to the point that people are not wasting their time posting or doing much on steemit anymore. If this doesn't scare the shit out of anyone with power, then they should have their heads examined.

Inflation is not the issue at all with Steem in my opinion... Inflation is irrelevant when the coin has dropped from $8 to $0.20... The drop is due to the loss of faith in the platform, because they haven't "flooded" the system with tons of coins like other alt coins. There was once a very vibrant funnel of new users onboarding and many communities for them to go to.

They made many mistakes in that process, but the WORST was when they changed the formula to get rid of SPAM. They essentially made it impossible for a free user to make more than a few comments a day, and while it succeeded at eliminating spam, it did so by eliminating users. Now the platform has been on a steady and rapid fall from that point. Its movement determined by the downward spiral that is the opposite of the the virtuous upcycle benefits. Less people = less money = less posting = less people = less money...etc ... I have never sold or powered down any of my Steem Power and today my whole account is worth less $s that it was in my first month here. In other words, had I sold in my first month and went away, I would have more real money than now. The next 20 months of my time has not only yielded NOTHING, but instead has COST me by having faith they would get the right formula.

I'm not complaining to complain, I can frankly live fine if it goes to $0. But if someone looks at that example, then they can realize exactly why people have left the platform. It isn't due to the inflation (that is such a small part of it). Its due to disgust and disenchantment and a general loss of faith that the people in power will FIX their mistakes.

And yes, quality content creators will not come here at this point. I know filmmakers, actors, and political pundits personally and I would never invite them at this point because it is embarrassing with some of the shenanigans I listed above. Until they get serious about having a quality platform, then my guess is the quality content creators will stay away.

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I see your point, come to think of it, the inflation argument is fairly weak since it hasn't inflated by 10X and it won't for many years or whatever.

RC makes sense to a certain point, but it doesn't make sense the way it is set up now. New accounts should get a lot more RC, let's say enough for 500 or so interactions a day provided their rep isn't headed down the drain. Maybe even increase it as they do a tutorial or something. In anycase, people do start off with a purpose and it limits them severely. They can be taught to 'behave' after they misbehave. It's shouldn't have been implimented without RC sharing and SMTs at the very least. It seems like they pushed the wrong things forward at the wrong time. Now HF21 may also be poorly timed as well.
In any case, I do think that some sort of floor has been reached however it will be very difficult to turn around the reputation of this place. It may take one or two spin off communities before it is possible.
There is just too much crap making a ton of money and all the big stake holders just vote for themselves or people who endless post about steem which has 0 interest to people who don't own steem.
I remember when I first came here, it was god awful amateur musicians, artists students and people writing about how awesome Steem and EOS were who made all the money. Also, I didn't understand vote selling or buying then, so I would see weird content getting hundreds and even thousands of dollars worth of random votes and just wondering what the hell is this? It's barely changed.

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very well said ... all of it...

I particularly like your points elaborating on how the RC SHOULD be handled. Frankly, this was the mistake they made that really really turned me away from trying too hard. My gut told me that it was going to dry up the flow of new people, and while I tried to make the points at the time, nobody with any power seemed to care. Wasting too much of my time on a dying platform was my feeling, so I really have been way less involved than I used to be. Thank goodness for Steemmonsters or I would've probably left completely.

I still have all the steem I've ever made, and I'm sure I'll continue with it until the lights are turned off. I just wish one day you'd see the power peeps take the time to wade through these types of posts (and comments), to really learn how the users feel and the great ideas to make things better!

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Inflation is not the issue at all with Steem in my opinion... Inflation is irrelevant when the coin has dropped from $8 to $0.20... The drop is due to the loss of faith in the platform, because they haven't "flooded" the system with tons of coins like other alt coins

You know, I saw almost the exact same comments when Steem made it's way down from $5 to 7cents and then those comments went away when it shot up to $8 in the last crypto bull market and people poured in expecting to make the bucks. Then we go into another bear market and we see this all again.

History does repeat itself.


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thanks for the comment... I am guessing you think by your comment that its all a function of the macro market and Steem hasn't done anything to lose any confidence (or it is irrelevant if they did so).... If so, I hope you're right, but of course have my doubts!

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the price of Steem is largely market driven. I also find it interesting that you and many others refer to Steem like some entity that has a board meeting to decide what it's going to do next.

The upside to a platform like Steem is the freedom for others to pursue diverse paths on the platform. The downside is identifying and resolving problems with the direction of the platform is slow and takes a collective will. A will that seems to be sporadic at best. Part of that slowness comes from there not being a community wide consensus of what works and what doesn't, even by those who are engaged and interested.

Not everyone agrees self-voting is a problem while some think that even the smallest account self-voting is evil. Some see the use of bid-bots or vote selling the same way. There are those on this platform will zero respect for those who create content or for that matter even realize that the platform needs content in multiple forms.

Our diversity is both our strength and our weakness.

Many like to complain about what they perceive as problems yet don't seek to find ways to contribute toward the solution (speaking generally here). While others will announce that the consequences of their own behaviour is a failing of the platform.

People are messy, community is messier.

I just find it really fascinating that as the markets drop the negative takes on a higher importance than when the markets are higher.

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interesting points... I do realize there's no board, but I do believe the top stakeholders communicate among themselves. I may be wrong, but it seems like the power at the top is concentrated and decide who the witnesses are. So if that's the case, you'd think they would be interested in the witnesses policing bad behavior on the platform. (whatever they determine it is)

But I've also heard the theory that everything is just where they want it to be. That if the few at the top keep their power concentrated, then they can move it up and down at their will. I don't know the truth, but happy to have your thoughts on the subject... so thank you for the replies!

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not sure that they can move it up and down as they wish ... or they would not be taking the hosing they have been recently. There be some pumping to allow for dumping. That hasn't been happening. Some of those larger stakeholders bought in during the last bull run, so they need to back up.

The larger stakeholders do some communicating but I see no indication that it is in any organized manner that they'd actually reach some consensus .. for the most part there are factions who pursue their own self interests while complaining about others who pursue their self interests

Basically.. people peopling as they always have

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lol... love the last point! So true :)

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Hilariously naive.

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Says Stemit's tinpot dictator

#butthurtwars

Cg

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YOU ARE ON THE NAUGHTY LIST. YOU HAVE BEEN FLAGGED. GOODBYE.

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That’s cute coming from someone as weak and poor as you.

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Great comeback. Who's your gag man? You must give me his email.

Cg

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YOU ARE ON THE NAUGHTY LIST. YOU HAVE BEEN FLAGGED. GOODBYE.

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(Edited)

What a strange thing to say.
It made me laugh when i first read it.
You dont even have any integrity!
yet you imagine yourself to be strong and rich.
People do not respect you and they talk behind your back. Plotting against you.
This place will remain broken until you shuffle off. And you will shuffle off soon enough.
Then we will invest.

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possibly.... OR ... I've just not allowed cynicism to take over my view yet.


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