Your faith in Steem is always inspiring and reassuring. 2 Steem earned for every 1 you bought is a good ratio. I think I'll approach that level soon enough. I'm around 3:1 currently, but buying other stuff at the moment because my crypto portfolio got a little Steem heavy during winter.

You people surely must have discussed a lot in a long duration of time and this will definitely breath hopes to many steemians

With Smt's rolling out people will likely to be buying more steem as we are seeing the new trend of tokens via steem engine a good boost for the steem blockchain in long term

At the moment with out 50k daily users very few of them have use for holding Steem they want to sell for fiat eventually there is no ecosystem for them to spend steem in exchange for something they want! 

I’ve been thinking long and hard about it and I think we should actually have a few steem loan services where you can put steem into a smart contract and then get a fiat micro loan you can pay back at a certain interest! That way we keep the steem in steem while the user gets fiat to use but needs to pay it back meaning we get more value back over time 

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@exyle, The most important aspect of **Steem Communities** and **Steemians** are, everyone is contributing in one way or other, some working towards the **Advertisement** some on Token Creation and Listings, game developments, community development, Knowledge Transfer, Individual Journalism and so much more and this **Ecosystem** is effectively growing.

Have a great time ahead and stay blessed.

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### Define Value.

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I'm honestly not sure where I fit in Steem. There is an artist community here, but alot of us struggle with the complexity of Steem and what identity it wants to be.

I'm not a coder. I'm not well versed in how blockchain works. I'm your average every day guy on the street.

I mainly want to connect to new people and have another outlet to spread my art, photos, and music.

So, I guess I am hoping to bring entertainment value to Steem with my posts and blogs.

It's up to the Steem community to decide if the artistic community brings value to the blockchain or not.

Recently bought some cards for fiat with some money I made selling some stuff on ebay. Kept a lot and also sold a bunch for STEEM/SBD. It's a roundabout way of getting more steem, but also upgrading myself in the game. I'm keeping a spreadsheet of the packs I opened and so far my ROI is about -40% based upon the market price for the cards. When STEEM price recovers I should at least break even on the proposition. Thinking about buying some more packs to see how much the ROI shifts with time.

I've had similar discussions and have come to a similar, yet different, conclusion! (now *that* just demands a justification)

One thing not often recognised is that STEEM never really leaves the Steem blockchain. When someone sells STEEM for fiat they transfer that amount to one of the exchangers' accounts *on Steem*. It is the exchanger that takes the risk of then sending you fiat in your exchanger account.

Now, it has puzzled me for some time as to why the exchangers don't actually make more money by using their STEEM holdings! Why not power up a portion and spread some upvotes? Those will also earn curation rewards on top of an exchange fees.

But they don't; not much, anyway, as far as I've seen.

So the difference between your STEEM holdings and those huge "sleeping" accounts is that yours is generating activity and rshares and *spreading* the value of the coin.

I think less in terms of generating value, which is subjective, and more in terms of generating activity, which can be measured mathematically - just look at the reward pool.

the reason why an upvote is worth some 21% APR compared to the +8% APR inflation rate, is precisely the lack of activity by a very large portion of STEEM holders who are either not vested or not voting much.

I've been commenting for months that we need a sink. Tried to reach @aggroed and @yabapmatt but without any success. 

The best sink STEEM has is RCs. People need Steem Power to use the blockchain. The second sink must be bidbots... I see no other way. Somehow they must burn their rewards. Not all problems can be solved in a decentralized way. Sometimes, we have to enforce solutions.

I have 2 questions: 

1. What would happen in the (distant) future if we run out of people who want to buy Steem?

2. Aren't all investors hoping that they can at some point cash out more money than they have cashed in?

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Adding value to Steem one post at a time

Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

>In the most basic sense, you can ask yourself every time when you receive an upvote what you did to add value to Steem

How to guesstimate how much value one is adding? Who could have guessed that cat videos would power YouTube to prominence?

I've heard his argument more than once and it was just as convincing the second and third time around.

He's just right. Period.It should be our major focus going forwards - how to drive up external demand for the steem token.

Nice to see you rocking it with some most excellent British Steemians there!

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There will be a dilemma: for say some content creators don't care since they are earning by selling earned Steem though Steem's price is dropping. But for investors it will look like an risky investing since they have to work extra to create more demand for Steem. If one is a FB stock buyer, he is not working to make sure FB is earning a lot. But it makes sense only for entrepreneurs to take risk to buy Steem, build on it and create demand for it.

However, the problem of Steem is too big for an entrepreneur to work on. In this case, entrepreneur can work on his SMT based frontend to earn enough from external source (e.g. Ad revenue) to make his TOKEN sustainable.

In this scenario, STINC will have the most of the responsibility to bring-in new money to Steem since they are the largest holder and seller of Steem. Though STINC has plans to cover all costs through revenue. But they have not shown any intention to buy back Steem or can generate enough profit to buyback Steem, more likely to the Binance model.

**The most probable solution is to remove Steem for rewarding the content creators and put it in the hands of DApp entrepreneurs. Even STINC can launch their SMT. It will be decentralized since they can work independently on their own small projects. Or, there will be burning model for Steem similar to @steem-engine. SMT creation or continuation will require burning Steem. However, large number of SMT transactions will require to power up large number of Steem**

**Steem will be produced for SPS, witness reward and small PoS reward to SP holders. Demand for Steem will come from very low inflation, strong speculation (e.g. 1000s of businesses are building on Steem), RC delegations, DApp entrepreneurs who will need SP to build, small users (i.e. will require small SP to be active even in DApp).** 

Though it is a radical idea but probably the best solution. If Steem had no selling pressure from STINC and sellers (who earned Steem from contents or delegation), it would be easily at top 30-40 rank. Steem is still bought out by investors but are not FOMOing by seeing the ever decling price of Steem and lack of speculations the OP argued.

To create more demand for Steem due to its higher inflation, Steem by default needs better marketing which is absolutely missing from the largest holders of Steem. Some ICOs have addressed the demand and supply issue either by luck or intelligent thoughts. For example, EOS are sold by @block.one at the peaks of bull market and have war chest of billions where STINC has to sell Steem either it is bull or bear market. EOS inflation is near zero, speculation is high, investors have to buy EOS from another EOS investor. Though Steem has the best features, most usages and popularity, even better than EOS, it is a victim of supply and demand, whims of severe bear run in altcoins and wrong leaderships by early leaders.

However, Steem will reach low inflation state not soon but in a decade (1% in 2030) which is eons in crypto-universe. The solutions are to either create ninja marketing to overcome higher inflation or cease Steem for rewarding content creators (i.e. delegate that task to DApps such as @palnet, @steemleo) to lower inflation to keep up with demands.

This is ***gold***.

🙌⭐️

I guess what I would like to see is DApps like @tasteem having a revenue generating plan. Every week they gather lots of reviews, and give out lots of handsome upvotes ... how are these being used to generate value for the block chain? All that intelligence about local eating places ... a simple search function would be a good start.

I agree. If you look at Steem Engine a lot of people have come on board to support those new projects and to do so they buy Steem. The new communities help people limit their feeds to stuff they want to read and these sub-ecosystems  help Steem by creating a reason for new people to buy Steem. This brings fiat into the platform and the pursuit of the power that stake brings promotes hodling, so these two forces should increase the value of Steem.

Mark @exyle Something that I noticed Tonight in the Monster Market is that some of the Alpha Cards are Getting to be More Pricey. For People like Us that have some of those cards in our Deck I feel like I have a Hedge against the Price of Steem. So It Works in our Favor in many different Ways..............

I'm always amazed that nobody is mentioning anything about SEO (search engine optimisation) or CTRs (click-through-rates) when they discuss steem. Although you may have discussed it with Matt, I'm not sure :P Anyways my point is that the content generated that is upvoted should fulfil the purpose of being genuinely helpful to readers. If the post is achieving that then it should rank for the desired keyword. This should then generate traffic that should make steemit inc money as they are displaying ads and the reader may sign up and become a part of the community. This is what should have happened in the previous years, for the life of me I can't figure out why Steemit inc is not mentioning anything about seo, ctrs and all these basic metrics that bloggers like myself have been using for years now. Thankfully Oracle-D seems to be working on the problem by giving very clear guideline in terms of content and keywords, but not many people seem to even be aware of Oracle-D as of yet :S Anyways it's great to see that there are a few people who seem to be working on some kind of solution! So Steem on!