Dear Steemians, first of all, thank you for reading this! I don't want to take up too much of your precious time, so I will try to express my thoughts briefly and clearly.
I'm sure almost all of you know this Poloniex Price Chart. And it does not cause much joy. At least I can say for myself.
Why is Steem price falling down?
Because supply exceeds demand. Too many people are selling Steem right now. Why are people selling the Steem? The reasons can be many. As far as I can see it, the main reason is the lack of faith in the Steemit project. Lack of faith in the future of the Steemit.
Among those who do not believe in the project there are those who have never believed. They just came here for quick money. But there are those who believed but lost faith. And if this trend continues, it can lead to tragic consequences.
My suggestion to the developers (especially to Dan and Ned).
A few days ago I posted the idea of "loyalty points" reputation system, which will allow you to see those who don't care about the future of the project. How? Here is briefly my idea:
- The "health" status of Steemit World is estimated by three colors: green, yellow and red.
- Green means that you can withdraw money, that is, to do Power Down. Yellow means that it is not advisable to do Power Down. And red means that it is highly inadvisable to do Power Down.
- All Steemians will see this "health" status.
- If a person is doing Power Down, seeing that at the moment the system "health" is in yellow status, his "loyalty points" are falling. If the system is in a red status, but the Steemian is still doing Power Down, his "loyalty points" are falling very quickly.
- Those who has many "loyalty points" get benefits. For example, their post positions are marked with a special "mark of loyalty".
We will see those who deliberately do not care about the future of the project.
Those who continue to withdraw funds (do Power Down), seeing that the system is in the yellow or red status. We also will see those who vote for these people and thus help them to weaken the system.
In my opinion, this is a small but very important addition to the functionality of Steemit could significantly improve the whole situation. Importantly, those who consciously strive to develop Steemit will be able to do it much more efficiently.