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RE: Just some random November thoughts...

in #steemlast year (edited)

Very encouraging thoughts and statements!
Yes, I think it is possible for steem rising again, perhaps not to the moon in one single step, but 0.5 to 1 USD is likely until the end of 2020.

I'm strictly against the shortening of the power down period to 4 weeks. Steem needs long term investors, not "day traders".

A better idea is (in my opinion) setting two rules for new accounts:

  • no power down during the first year without power up at least 10k steem
  • 100% SP payout during the first year

The second one is to build a long term relationship to our community

Have a nice day. You in person are one of the best assets of steem - and one of the major reasons why I believe in steem.

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Thanks for your kind words!

I'm strictly against the shortening of the power down period to 4 weeks. Steem needs long term investors, not "day traders".

I fully agree.

Yes, I think it is possible for steem rising again, perhaps not to the moon in one single step, but 0.5 to 1 USD is likely until the end of 2020.

Luckily I don't believe that and I am way more optimistic :) One huge player alone could change the whole space with ease, so the odds are not very good to bet on a fixed price for the end of next year. Anything can happen, but it all starts with our intentions.

Let's just say, we don't know, but anything is possible ;)

Okay so then you do that... and now all the accounts over a year old now have some kind of monetary value. So people start making a bunch of accounts today with the intention that they will sell them in a year. I already have 20 accounts over a year old. Your 'solution' just creates a really ridiculous black market.

I really don't see why there aren't more than one fork at the same time. If there's an alternative to HF22, why not do it as a community? Well, I know, this is cheap talk, since I don't operate a witness node (yet). However, that's why I'm asking!

It's normally better for the community to unite under a single consensus algorithm. Forks create split communities that can't get stuff done as quickly. Strength in numbers and all that; Network effect.

With SMTs coming out soon™ we'll have the opportunity to change the rules however we want and see if they take root.

Your suggestions theoretically could improve the price of the Steem, but many people leave even in a few months after the registration, so they will not be active for one year. At least not nowadays, because nowadays the user retention of the Steem blockchain is very bad. This may change in the future.