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RE: A

in #steemit7 years ago

So what you are trying to say is we just leave the creation of steem to the miners. We should not buy steem to power up.

LOL. No that's not what I'm trying to say I'm not trying to say anything different from what I said. You asked

How can we promote steemit.com as a good investment? How to convince people to invest in steemit.com?

As somebody whose been here through the good times and the bad I know exactly what attracts investors as I've seen them come (AND GO). They don't always stick around because too many believe they can make money by earning more steem by powering up. But actually, if you power up 1000SP you pay out 1c. That's 10c per day, $36.50 a year, which costed almost $1000 to power up. Obviously this is not the way to make a return but many people are encouraged to "spend money to make money" here and they end up helping in crashing the price because they don't understand that when you invest in steem, it is just like investing in bitcoin except that you have the power to influence the value of the network USING YOUR SP to vote in such a way that makes the social network better.

THAT will increase the price of steem, and if you want investors THAT is what they need to understand if you don't want them acting irrational about their investment.

How about I ask you, what made steemit so great back then? What happened, what went wrong?

The bear market always comes. And this causes people to get greedy because it's impossible to hold up the price in a bear market. Apart from that it was the last hardfork. Linear rewards make it very easy to sell your votes. As long as you can do that the rewards will become LESS distributed which will make it easier for whales to crash the market.

what are you doing to contribute to make steemit better again?

I already pay for my delegated SP and I use it to boost minnows. I'm also building a community and encouraging others with their own communities. I also host a podcast which is very beneficial for new users to understand how this system works. You're welcome to join
https://discord.me/votu