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RE: Fixing a Problem in the Economics of Steemit
Without Steem Power the platform has no way to generate demand for Steem and revenue.
Without Steem Power the platform has no way to generate demand for Steem and revenue.
The utility of Steem Power will remain. There will be more demand because there will be less friction. Especially in the maddeningly volatile crypto markets, 3 months is a deal breaker. There have been a lot of Steem buys on the exchanges in the last month and a half, yet precious little of that has been powered up. Net transfers to exchanges remain largely negative. A majority of the demand has thus come from market speculation rather than buying influence on the platform. Just to clarify again, that utility will remain, just in a different form.
There is no reason to power up. I'm not even doing it anymore.