RE: Steem Price is Down. Should You Be Worried?
If no one has faith in the system without self-voting, then maybe Steem along with it all its platforms will inevitably fail.
Remember Steem is a cryptocurrency, and Steemit is a platform built atop it, if people don't have faith in either, they will never make it.
How could this platform ever succeed if the small minority of users with all the power just vote on their own content all day?
I think we have to stop worrying about the whales, or the price of Steem, and just develop a great community along with great content on here.
Eventually the whales will get bored, since the only people interacting with themselves is themselves, and at that point, Steem will be worth a penny or less, so would they even really have any incentive to stay or vote at that point?
If Steem is ever worth a penny, you've totally killed the platform already. Stick a fork in it.
Not really, Reddit Karma isn't worth anything, and yet it's one of the most trafficked websites in all the world, so even at $0.01 it's still worth more than Karma on Reddit.
I can agree with that. But we still need the system and UI to be enhanced. Actually, the main problem, in my opinion, is the slow development.
I concur! 😉
what you said is not wrong!!