Viewing a response to: @dragosroua/re-stellabelle-if-i-ran-steemit-an-open-letter-to-the-steemit-community-20161011t203041754z
Because good curators and super active, engaged users have not been properly rewarded. Also, the imbalance of power is destructive. Other decentralized social media platforms are burning their coins in order to reduce the centralized power. The coins are not doing any good just sitting in a purse unused. They belong with the natural, organic curators, the literal wheels of steemit that keep it going.
| post_id | 1,157,358 |
|---|---|
| author | stellabelle |
| permlink | re-dragosroua-re-stellabelle-if-i-ran-steemit-an-open-letter-to-the-steemit-community-20161011t205247999z |
| category | steemit |
| json_metadata | "{"tags": ["steemit"]}" |
| created | 2016-10-11 20:52:48 |
| last_update | 2016-10-11 20:53:12 |
| depth | 2 |
| children | 4 |
| net_rshares | 9,094,398,947 |
| last_payout | 2016-11-12 04:53:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 404 |
| author_reputation | 436,515,832,240,166 |
| root_title | "If I Ran Steemit: An Open Letter To The Steemit Community" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| dragosroua | 0 | 9,094,398,947 | 100% |
Thanks for the answer, appreciate the dialog. One possibility could be that by driving the STEEM price so low, they're opening the path for other big investors to replace the current whales and they're actually hoping more people will massively buy this dip. I agree in theory that power imbalance doesn't go well with decentralized platforms. But on the other side, too much human intervention can set up a precedent for future interventions driven by arbitrary reasons.
| post_id | 1,157,595 |
|---|---|
| author | dragosroua |
| permlink | re-stellabelle-re-dragosroua-re-stellabelle-if-i-ran-steemit-an-open-letter-to-the-steemit-community-20161011t212414075z |
| category | steemit |
| json_metadata | "{"tags": ["steemit"]}" |
| created | 2016-10-11 21:24:12 |
| last_update | 2016-10-11 21:24:12 |
| depth | 3 |
| children | 3 |
| net_rshares | 311,542,740,085 |
| last_payout | 2016-11-12 04:53:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.022 SBD |
| curator_payout_value | 0.006 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 475 |
| author_reputation | 283,284,114,896,802 |
| root_title | "If I Ran Steemit: An Open Letter To The Steemit Community" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| hisnameisolllie | 0 | 174,872,134,875 | 100% | ||
| wingz | 0 | 116,066,806,334 | 100% | ||
| felixxx | 0 | 18,414,936,570 | 100% | ||
| haphazard-hstead | 0 | 2,188,862,306 | 100% |
Man, the price of steem <em>is</em> tanking. But, I think this is largely due to people wanting to sell off as much as they can for two reasons: β I believe they recently changed the system such that a larger percentage of rewards go to steem. β‘ People are furiously trying to get money together to go to SteemFest. I may be wrong though. Markets aren't my fortΓ©.
| post_id | 1,158,555 |
|---|---|
| author | rubellitefae |
| permlink | re-dragosroua-re-stellabelle-re-dragosroua-re-stellabelle-if-i-ran-steemit-an-open-letter-to-the-steemit-community-20161011t235218264z |
| category | steemit |
| json_metadata | "{"tags": ["steemit"]}" |
| created | 2016-10-11 23:52:15 |
| last_update | 2016-10-11 23:52:15 |
| depth | 4 |
| children | 2 |
| net_rshares | 0 |
| last_payout | 2016-11-12 04:53:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 364 |
| author_reputation | 10,285,424,538,400 |
| root_title | "If I Ran Steemit: An Open Letter To The Steemit Community" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
It's obvious the price is tanking, but one of the consequences **could be** that other people will buy at this price. It's just normal to go down, in my opinion. I don't see how an ecosystem so small in terms of user base (probably 25.000 active accounts) will generate payouts in the $500-$1000 range, as many are expecting (or so I see many complaining about the reward falling down from that level). If we keep projecting such unrealistic expectations on the platform, it will eventually implode. The value of reward per post can grow only in 2 situations: 1. user base is growing (more eyeballs) or 2. price of Steem going up (more dollars into Steem). The first is the one that counts because, in the long term, it will also push the market upward too.
| post_id | 1,160,152 |
|---|---|
| author | dragosroua |
| permlink | re-rubellitefae-re-dragosroua-re-stellabelle-re-dragosroua-re-stellabelle-if-i-ran-steemit-an-open-letter-to-the-steemit-community-20161012t055206235z |
| category | steemit |
| json_metadata | "{"tags": ["steemit"]}" |
| created | 2016-10-12 05:52:06 |
| last_update | 2016-10-12 05:52:06 |
| depth | 5 |
| children | 1 |
| net_rshares | 4,333,515,939 |
| last_payout | 2016-11-12 04:53:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 761 |
| author_reputation | 283,284,114,896,802 |
| root_title | "If I Ran Steemit: An Open Letter To The Steemit Community" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| rubellitefae | 0 | 4,333,515,939 | 100% |