Last night I ended up talking with 
Man, if you thought I could talk about Steem and be passionate about it this guy can do it too (and maybe even more).
He's been pretty occupied with 3speak (live AMA today) here but he makes a good case for why the STEEM price has been going down for a while now.
According to him all speculative value about the STEEM price has been depleted by now and we basically looking at the bare value of STEEM.
Steem has simply no more speculation to ride on. We have a working product and everyone that takes a day to study Steem should know precisely what it is and where it stands.
We simply can't sell 'stories' about future promises anymore. We are here today with a working product.
Now, because of the way Steem works every upvote is basically a selling pressure on STEEM (because most of this new STEEM will be sold at some point on the market) the price will continue to go down for a while.
What we are faced with is a situation that all blockchains will have to face at some point in their lives.
We are just 'lucky' in a sense that because of how far ahead Steem is we are just facing it years earlier.
And that is the simple question of How do we get money into our blockchain?
Or in other words. How do we make sure that for every upvote that is given (aka every new STEEM created) an equal amount of value (and preferably more) is being added to the Steem Blockchain to offset the given upvote?
Now the good thing from what I have been seeing on Steem is that this question is not just on
And it's also been on the mind of Steemit Inc. And stuff is being done about it.
The recent blog post by the managing director of Steemit Inc. Eli Powell where she showcases their revenue streams from advertisements vs costs should make everyone feel a little better.
It's the right mindset and a very good start.
Another project showcasing how to generate revenue on Steem is Splinterlands (selling card packs for FIAT) and there are more.
I think this new economic mindset is the next change in the evolution of the Steem Blockchain and I expect a lot of focus on that part from many Steemians.
In the most basic sense, you can ask yourself every time when you receive an upvote what you did to add value to Steem (especially when you intend to sell the received STEEM).
I personally have bought almost 2 STEEM from the markets for every 1 STEEM I earned on Steem and I still have all that STEEM. Admittedly I didn't do this for altruistic reasons. I am an investor and content creator. I used my Steempower to empower my own blog or my own business/brand on Steem.
Now, I don't expect everyone to buy STEEM for every STEEM they earn (that would be insane) but I do hope that in the future when a content creator receives an upvote another party generate an equal amount of value or more on that piece of content and adds that value back into Steem to offset it.
From that point of view, I also find it easier to accept the EIP and the SPS in HF21 and have been coming around to it slowly.
Viewing it through this economic standpoint I wrote about, I find it much easier to stomach the upcoming changes.
When this new economic mindset finds itself more deeply rooted in Steem and we actually manage to generate more revenue than new STEEM being added...
O man, I don't have to tell you, we can expect some beautiful things on Steem for sure!
All in all a very refreshing talk with
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