We often hear that Steem is chugging along with 50,000 active users. These are 50,000 people who were willing to invest time and energy figuring out how to operate their accounts. There are over one million accounts on Steem. People who signed up and decided the platform isn’t worthwhile. Some days, I think it isn’t worthwhile.
Facebook users, whatever many billion there are, may not be interested in making their social experience more complicated. Posting and upvoting is simple. The complication is the insistence on “quality content” by some purists, declaring income from your activities on Steem (most users prefer simple tax returns), dealing with downvotes and enforcement bots, hard forks, and whales. There’s a ton of nerdy unsociable stuff happening on Steem that average users don’t find interesting.
Libra will likely serve as an easier way to buy Steem, having enough volume to be on all the exchanges. It may very well help existing Steem users. However, I don’t think it will have much impact on growing our little city of 50,000 beyond that. We lament the lack of growth, yet jump up and down when people put up “shitposts” which are a majority of social media.
There is something dysfunctional about Steemit that keeps us here and puts off newcomers who don’t share that dysfunction. I can’t figure out exactly what it is. In the end, Libra won’t suddenly make the Steem community more or less functional. What is going wrong here is more than simple unfamiliarity with blockchains.
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Don't forget a large number of accounts are registered by bidbots as fake accounts to upvote the post promoters. Many of these bidbots, we believe, are run by the witnesses.
It's interesting how many newly created accounts never became active @invest.country
@neavvy, we notice many of the high ranking keywords have already been taken up but not active. Examples of such keywords are hotel, insurance, games, voice, flight, auto and maps. All these accounts are inactive.
There are thousands of such keywords already booked but not active. These are people who are speculating, hoping that one day steem blockchain will become extremely popular and this accounts can be sold for a good profit. Meanwhile the account will remain dormant.
We reckon the number of such accounts are more than 10,000.
Thank you for sharing your view with us @shainemata!
That's what I'm hoping for. Currently in my country it's really hard to buy any cryptocurrency, most likely because the government seems to be afraid of blockchain and limits it with plenty of regulations. Hopefully Libra will change that situation.