I remember back in the early days of Steemit, where the Steem was pretty low and was just slowly dropping and dropping in an endless, depressing descent, that I read a comment saying something like this (paraphrasing):
Soon we will just have to write for each other and the steem will just be a symbolic upvote. But I'll stay even for that!
I was just in my early days dealing with crypto currencies and didn't pay too much attention to these early adopters and their sense of loss (they were here 6-8 month before me and had already experienced a crazy, euphoric bull market and then the depressing downfall afterwards).
Now I have been here for a long time and seen ups and downs. The whole crypto market lies in pre death spasms and after the manic and unhealthy rise that ended in December 2017 we are still in the depressive fase. Here on Steemit I hear of Penny Steem, of Whale dump, of investors this and investors that. The auction bidbot Booster is powering down and so is its owner Fyrstikken. (I know because the Booster wallet is where I find spammers, plagiarists and abusers to downvote).
And I ask myself: is this the end then?
To me the Steem project works better now than it did for a long time. I know the price is low, but at least the social media part seems to have recovered back to some of the logic that was envisioned back its original concept: that hard work blogging should be what decides the reward. It is far from perfect, but it is not the abusive exploitation hell it was before the hardfork where large stakeholder just milked the reward and ignored the hard work the rest of us made.
Take a look at this post. Some of those old incoherent arguments is not working any more.
So let those whales dump their stake. We just have to buy what the immoral whales sell and create the middle class Steem so badly needs. If all the talented creators here on Steemit just powered up we just might make this place work and if not... I will keep posting my stuff with Steem as the symbolic upvote, just because I like the community.
Bring on Penny Steem!
Thanks to
for the text on the banners on the illustration.
