Glad to see this final positive announcement. It is all collective work which made this happen and things got recovered. When are the exchanges deposits/withdrawals resuming?

Steemit account sign up screen still shows a wait period of 1-2 week queue. Is it to be changed or what?

If not then how hf20 has eased account creation and onboarding for new users??

Wow nothing good they say cimes easy. Quite a good news tho Ned is really doing a great job here kudos

Dear steemit admin, why you do not think about option Live stream on steemit page ?

I understand that this article is about the recent F20 fork which is apparently designed to create a more level playing field for Steemit users. 

While this is all well and good and desirable, it doesn't address what I consider to be a deep fatal flaw in the system. That being the nature of the Steem currency itself and in particular it's inflationary nature.
This makes it unsustainable on the crypyo markets, and a platform built on an unsustainable currency will by it's very nature be unsustainable.

I've been looking at a few statistics. Now I'm no statistician but the stats for Steemit don't look good. Indeed it looks to me that if it continues on the same trajectory the value of Steem could well fall to zero.

I realize that cryptos in general have been taking a bit of a beating lately but I haven't seen any other crypto decline to this extent.

Besides that we have that huge drop off in posts and authors.

I also took a glimpse at the trajectory of Bitchute and noticed it was steadily rising.

This seems somewhat counter intuitive. Whereas you have two very similar platforms, one that pays it's participants and the other which doesn't. One would naturally expect that the paying platform would outperform the non paying one, but that doesn't appear to be the case here.

I must admit when I first read the Steemit White paper I strongly suspected that the Steem currency wouldn't be able to compete with coins like Bitcoin. Even though it could apparently far outperform Bitcoin in speed and efficiency it lacked one of it's most important key features.i.e. the hard cap on the amount of coins that can ever be created which makes it deflationary by design(Satoshi was wiser than most give him credit for) whereas Steem is inflationary by design.

I wrote a small article on this issue called Bitcoin and Deflation at: https://steemit.com/bitcoin/@amd64/bitcoin-and-deflation

While there other issues which could discourage the use of Steemit such as the lack of a view count(so you have no idea how many views any of your posts get, if any)which can be very frustrating and like being in a rifle range and never being able to know whether you've hit the target or not.
There's also no private messaging which makes communication with other participants very difficult, and there seems to be a lot of inequity in the system.

There's some possibility that some of these issues could be causing a decline in user ship which could in turn be partially to blame for the drop in the value of Steem. However I believe It's almost certainly the other way round.

If you think about it...Why would anyone buy Steem? You wouldn't want to buy it to hold it if you had any sense, since it's value will decline over time due to it's inflationary nature. (although it's inflation rate is decreasing dramatically due to recent changes to the system there are no plans to reduce it to zero or below, which is what would be required to make it competitive on the crypto market) So the only reason I can think of would be to invest in Steemit in the form of Steem Power.

Now...Why would anyone sell Steem? Well once you earn it on Steemit, unless you want to use it to power up, you'd be be wise to convert it to Bitcoin if you want to save it or convert that to fiat if you want to spend it.

So if we look at this from the point of view of the crypto market as a whole, what we'd see is a whole lot of Steem being sold but not so much being bought i.e the supply is greater than the demand. As long as this is the case the price/value can only go down.

I believe the Steem blockchain was created by Daniel Larimer who also created Bitshares and Eos. While Dan is certainly a genius when it comes to designing crypto currency systems it seems he's not so bright when it comes to crypto economics e.g. despite Bitshares being around for years it's currently valued at $0.01. and Steem at $0.8318.

So if the value of Steem goes much lower I can see a lot of the big players bailing out and putting their SP on the market. This will only cause steem to crash even further. Probably down to 1cent like Bitshares.

The only way I can see out of this dilemma is to reduce and/or cap the the supply of Steem such that it becomes deflationary. Then it could hold it's own even as a stand alone currency in the market where it could be highly competitive due to it's speed an efficiency.

Then with a few tweaks like View Counts and Private messaging we could see a major revival of Steemit.

The value(V) of anything is determined by it's Desirability(D) divided by it's Availability(A) i.e V=D/A (This is my own formula)

> # Limiting Abuse

The limitations put forth via the RC system is a great step in the right direction albeit with issues; however, I think presently the pros outweigh the cons.

What we are not addressing is the abuse perpetrated by higher SP accounts especially when said account have amassed their SP via manipulation of reward distribution such as the case with bid bot abuse which is a thing even if cognizance of it falls niche circles specifically abuse fighters.

I am an engineer that has a particular ethical bent against such things and I would like to offer my expertise to combat them. The issue primarily is we do not have the SP to do so decisively. I would invite you at Steemit Inc. to peruse the @steemflagrewards project to observe how we incentivized flags via upvotes.

We have received support from top witnesses and another among, @themarkymark, has even provided a host for future ops so our essentially grassroots movement does not incur additional costs. I believe I have proven my mettle concerning my ability to perform activities that help legitimize Steem as a viable blogging platform.

I notice some witnesses don't want to sell Steem as a blogging platform but rather an investment platform. I do not blame them as existing centralized efforts to curtail abuse have left much to be desired.

This is my appeal to you today. I hope it will be read by someone with some authority. I am glad to continue my work so my friends do not become bag holders.

The question is are y'all willing to give me the opportunity. Either way, I will continue to refine my ability to serve the good people on social media blockchain. Whether it be for Steem or another variant, is entirely up to the largely community which includes Stinc and the extent in which they empower us to make a difference.

I can only do so much and I do have skin in the game so hope you take my plea seriously. We want to be able to reward our mods and co-devs with more than a $0.50 upvote as our work avails us all and is significantly undervalued imho. So thankful that @utopian-io is working on a project to reward anti-abuse.

We get more stuff like that and the golden of Steem will be forthcoming. I believe that. 

Posted using [Partiko Android](https://steemit.com/@partiko-android)

Congratulations @steemitblog!
Your post was mentioned in the [Steemit Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20181001) in the following category:

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that is realy good news for allof us

At least........ all seems to be working again..........

Hmmmmmmmmmmmmmmmm

Glad I learnt about your posts.

I am not clear about whether you are accepting new members at this time. I'm asking as I introduced someone to Steemit, helped him apply for registration and...nothing since then. No sms and no email reply. He applied as: pjttimmit


Should I ask him to wait longer, until you are ready to start again, or tell him to forget it?

Is STEEM a parliamentary constitutional monarchy?
The way the UK was until the 19th century?

The RC system still needs a little bit of work. Post and comments need to be separated out, and separate from each other. they are two different aspects of steemit. Once the separation is complete then constraints need to be put in place. The vast majority of spam comes in the form of comments. As I suggested in a comment to @paulag there needs to be a timer put on them:
> Example second post in less than 2 hours cost twice as much RC to post, third one in less than two hours after the second one then four times the cost of the second.

That would take care of some of the rapid fire posting. Two hour time frame is a reasonable time frame, this will I understand hurt things like the pull into steem apps  stream2steem or whatever they are called. So not rapid fire twitter recast or steepshot recast or things of that nature. The app designers will just have to look at the time frames.

>To really do away with the comment spam, second comment in less than 3 sec's ten times the cost, 3 in less than 6 sec's from the first 100 times the cost. end of bot spam. This would of course seriously curtail the ability of any vote bots to have their advertisement show on the post that paid for their use but, such is life, the bot's would still be able to vote, and that is one thing that should not have a time limit because of curation trails and bot votes.

This will no likely cause a lot more kick back than the posting issues, but the vote bots can adjust their commands to comment only once every 2 or three minutes.

Just a couple of thoughts.