We all count how many users have on Steemit. First, to see who are the users, this is crucial for steem growth. The number of users who are active means that the number of people who want to earn money. We are talking about applications, technology and blockchain, revolution. The value depends on several factors, the first is how many people believe in Steem, the other is the usable value (what can I buy for a Steem, where I can use it), the third is the technological part, what kind of significance and revolution does Steem technology bring to us ?
The only revolution I see at this moment is a blend of social networking and currency. Since I saw a lot of mlm systems working with currencies, my layman's conclusion is that there must be strong marketing support on the stock exchange itself, it must also connect the currencies with other companies. Here, to ask people what the crypt does, they do not know how to answer correctly, simply Steemit marketing brings people who want to make money, in my opinion it's not enough. We see that Steem and SBD stagnate in place while other currencies grow. Bitcoin is the first, its technology is obsolete in the field of mining, and as the development of the blockchain technology itself, and again it is strongest.
The real question is how many people in the world want to buy Steem and SBD, how to increase this number? The development of technology itself is not enough. The best-selling currency is not the one that is technically the best, but the one that has the best story and marketing. It's time for Steem to do real marketing in the world.
Steemit works on the principle of carrots and rods. In order to have greater voting power, you invest everything you earn. Somebody invests his money in order to gain stronger voting power. It's all great strategy, but a large number of people do not have the money to invest, they have to go a slower way, one by one cent. I believe that more creative solutions will come, and Steem will start to grow .
What is your opinion?
I think you are correct in believing that Steemit has lost some of its momentum, but that perception my be highly influenced by the stagnant price rather than the many innovations taking place within Steemit right now.
If anyone ask what Steemit and the Steem token are about, I simply tell them the it is a social media site with its own type of Bitcoin (crypto-currency for those than are more advanced), and they pay you with the internal bitcoin type crypto-currency called Steem. I don't really get into the entire blockchain thing until the are further along.
I am hoping that Steemit will figure out how to increase the user base and/or monetize the steemit.com website, thereby bringing more value to the steem token. And yes, many will have to start small and work their way in to more payouts. It does take time.
Thanks for this award and explanation @streetstyle