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RE: What needs to happen to reach $10 STEEM in 2018? (Discussion)

in #steem6 years ago

Burn it

While it must be reassuring to someone that steemit has 44,309,388.179 STEEM sitting in an account. It was not acquired in the way it should have been least to my understanding. It’s a massive liability on the system even with it just sitting there not doing a thing.

Destroying $116 million worth of currency. That should send some shockwaves around the cryptocurrency verse. Just because people say it will never be used does not me it won’t be one day. No longer making it an option is the only way.

Exchanges

Bigger adoption rate on exchanges. 2017 seemed to be a great way for steem getting listed. It’s great we are not so limited anymore. Still, an area that needs to be worked on. Everyone everywhere should have an exchange they know that we are on. We don’t want this to be what hinders our growth if a couple of main, once we trade on, have issues like in the past.

Targeted Advertisement

The world should know we have dlive, dtbue, and a whole host of other things going on. Word of Mouth only gets you so far. Granted some companies have gone to the moon and back with it. Even for casual users of this site I often wonder how much they know of the opportunities that are here to create.

Front Page

A more intuitive flagging system being able to categorize the reason. There a big difference between flagging for “disagreement of reward” and flagging because it’s a scam, plagiarism, or illegal. A large hinder to our ecosystem is when people see our trending page and they see yet another blog of a snake oil salesman or someone running some kind of scam. Yet in our system, they are one and the same. Once trending the masses upvote it to upvote it. Even if the comment section is filled with giant red letters “THIS IS A SCAM.” It can just sit there basking in our sunlight tossing shadows on the platfrom

If top 20 witness, whales, or high reputation members who have been around for over a year start flagging something and categorizing it as Scammer, plagiarism, or illegal it might be something not worthy on trending for steemit. No matter how much that author chooses to spend on it to keep it there for days on end. At least some kind of time limit. How can something days old be trending on a site that has a 7-day cycle?

New Members

Introduceyourself tag is so abused and spammed I don’t know why anyone would read it anymore. Not sure if it’s possible to have an “only able to use this tag once every 6 months” option. When people just google translate their intro post and repost it every couple of weeks with so many other accounts and people trying to get those free votes for using that tag. It’s just a bloody mess. Maybe communities update will fix this or have some solution may be more thought needs to go into it.

Some kind of interactive first-time user tutorial that pops up for a new user. That gets people to make their first post an “Introduceyourself” It should walk them through the basics let them know about our top ten by volume used apps like dlive/dtbue , take them a basic tour around the site encourage some engagement. Maybe show them the top ten friendly new people communities they should consider joining. More than make sure they understand about private keys.

Whatever it is we need something to try and engage them without making it a massive burden on everyone else to in trying pick up the slack. Quite a number of other sites don’t just leave a new sign up dangling in the wind. Even if they think to go look for an FAQ that is a very long and intimidating page.

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🔥 Burn it 🔥
While it must be reassuring to someone that steemit has 44,309,388.179 STEEM sitting in an account. It was not acquired in the way it should have been least to my understanding. It’s a massive liability on the system even with it just sitting there not doing a thing.

100% Agree. Power it down (at least half of it) and 🔥BURN IT!🔥
Even if Steemit Inc needs funding for future development, I'm sure $45 million for half is more than enough, but the benefit of the burn to the overall health of the ecosystem would be well worth it.

Even an incremental burn if the price of steem gets to low could be one way to help things turn around. Would be an interesting fail safe if it was used like that. Investors would know once the line in the sand is crossed they start burning. Sadly line in the sand measures don’t hold up well over long periods of time. Market is going do what it wants to do and people sometimes exploit such knowledge to gain more out of the system.

We should at least burn the STEEM and SBD sitting in the Poloniex and HitBTC wallets during hardfork. That currency was transferred there by Steemians and Poloniex and HitBTC has abandoned those wallets for 5 months now, yet they still trade their virtual supply. They are never going to fix the wallets. Let's just burn that supply and cut them off. They will be better off in the long run anyway as they are trading a fake virtual supply of currency.