While I've been discouraged about some Steem issues, EVERY blockchain has its ups and downs. Here's why I'm not in sheer terror about the state of Steem...
"Everyone is losing interest in Steem! It's the beginning of the end!"
It's easy to feel this way. After all, look at Goggle trend's chart regarding searches for Steem. Looks like they peaked in early January... things are looking pretty grim, right?But WAIT! There's MORE!
Let's look at BTC now. Surely, it's not going to be largely forgotten like Steem... right? RIGHT??!?!Nope. Even with the benefit of daily news reports on BTC, overall interest has dropped just as severely. Do the same people who are crying about Steem's demise also cry about BTC's demise? Or altcoins in general?
I believe Steem's user-retention is largely driven by PRICE. Small account holders can be just as greedy as (some) whales — even more so — as poverty can be a major catalyst for greedy ambitions. When they aren't getting X amount on posts, they withdraw.
For a full year, I posted almost every single day — but even I have had to withdraw from Steem participation. Life's pressures have pulled me in other directions for now. It doesn't mean I've lost interest in Steem. I guarantee when prices bounces back — and especially after I get **** in my life squared away, I'll be back full-force.
Rest on our laurels and wait for the next bull run?
Well, that's also a stupid idea. I never said that all is well on Steem, either. I simply said the lens of panic is a blurry and shattered one 😆The progress of dApps being created has been staggering. Are there many other crypto projects that harness coding and creative talent outside of their core team? I'm not sure that there are.
I'm disappointed in Steem's lack of focused marketing, but the Steem devs have been hard at work with SMTS, HF20 and HiveMind. I believe they'll get to marketing, and hopefully soon. I don't think, after working so hard to create an improved infrastructure, that the core team would continue to neglect marketing. I give them more credit than THAT!
The chart that really matters
Market prices will cause public interest/involvement to ebb and flow, but what matters to me is this: How is Steem awareness COMPARED to other projects? This is what should light a fire to either start marketing — or at least get a plan in place. Steem searches are represented by the flat red line on the bottom of the chart... Surely Steem's a better project than crusty, boring old LTC...This has been really basic information...
But some still aren't getting it. Some otherwise intelligent people have spoken to me about Steem's downside without looking at the bigger picture. Will you fall into that trap as well?But on the other side of the coin, I'm REALLY looking forward to highly increased marketing efforts — or all the hard work of the devs and dApp creators will have greater difficulty in going mainstream.
