The floor is under 1 cent steem based on cost to run .....
It could go lower if they give more tokens to the top witness, like top 4 or 5 witness gets bonus steem, then it could go much lower.
I wonder if Ned wishes he had taken me up on my $2-$5 steem offer last year when I (correctly) called everything that is currently happening to Steems block chain. I would have made (saved) him a few hundred million by now for pennies on the dollar :)
His money but man-O-man does it feel good to be right.
BTW for you, Steems price is not done going down yet.
Also consider that Stinc will have to ramp sales hard into a lower Steem token price just to keep the doors open and I would not be surprised if they back track on their 1 month of no selling commitment.
@Ned my door is still open if you want to start making money instead of burning it. Steem has great potential.
Just do it already and stop talking about it. At the very least get it to go up a little to offer some proof that you can actually do what you think you can, otherwise you are even worse than they are.
There will be no help from me until Ned (from Stinc) and I talk and work something out
OR
Stinc runs itself out of business and Steem survives operationally.
Why would I help someone who would not even have a sit down with me make hundreds of millions of dollars for nothing? They are still the biggest hodl'er of Steem tokens.
Just a few months ago when the price of Steem was still north of a dollar I offered to launch 100k USD project aimed at steems price and all I got was crickets .....
Like I said before, it's their money they can burn it if they want to.
Because it will help you, no other reason than that. It will help you tremendously. Just do it already and stop sounding like a 5 year old.
ok.
Step one - tell Stinc that HF22 is a disaster
Step two - get rid of the down vote pool and make it cost $2 for every $1 dollar down voted
Step three - go back to 75 - 25 split the bid bots were best thing going on atm in Steems economy
Step four - pay me for the good stuff :) :) :)
I actually agree with steps 1-3, with some caveats:
I actually think curation should be 75-25 in favor of curators. Gives more incentive to own steem power, something we need more of.
Get rid of the free downvotes, there is a reason that facebook doesn't have dislike buttons, nobody wants to be around things that make them feel badly, and downvotes cause negative emotions no matter how you slice it, plus they get abused.
I actually think bid bots are good but only if they don't provide a profit to the user. There needs to be a monetary cost to promote. It can be a very small cost, but it has to be a cost of some sorts, it shouldn't be break-even and it can't be at a profit for the purchaser.
That would be a good start I think...
The good stuff likely involves price manipulation I am guessing? Something that regulators are now watching. It was much easier to pump a coin in 2016 or 2017 then it is now in 2019.