I think that I have thought of a way this can be fixed. I will be posting it in a proposal as soon as Steemit comes back online.

You see... rather than waste my time trolling a project because it isn't perfect (which they all aren't), I use my brain to think critically about the problems, then propose the solution I come up with. Being productive is a much better way to spend your time than trolling Bitcointalk.

STEEM PROPOSAL: Abolishing Liquidity Incentives And Reverting The Funds To Provide Actual Autonomous Liquidity

https://steemit.com/sip/@coinhoarder/steem-proposal-abolishing-liquidity-incentives-and-reverting-the-funds-to-provide-actual-autonomous-liquidity

STEEM PROPOSAL: Offsetting Steem Power Debasement Through Unobtrusive Advertisements:

https://steemit.com/sip/@coinhoarder/steem-proposal-offsetting-steem-power-debasement-through-unobtrusive-advertisements

STEEM PROPOSAL: Implementing Third Party Certificate Authorities To Combat Sybil:

https://steemit.com/sip/@coinhoarder/implementing-third-party-certificate-authorities-to-combat-sybil

Stop busting my balls Anonymint. Yes, that link. Patiently await for it to resurrect itself after maintenance, and you will understand what I am saying. All signs point towards viral growth.

The transaction # graph, user graph, vote graph, posting graph... Etc... All have skyrocketed in use the past few days. You will see the vertical line the graph has transformed into the past few days.

You mean Steemit isn't as popular as web sites that have been released and marketed for years? Shocker.

Save your breath crying ad hominem. Anyone that followed the link gets my point.

Also, it looks like you pulled the 10k user number out of your butt (or whoever you ripped it from without verifying the information did.) Actual numbers are 300,000+ users with 150,000+ returning users and 102,000 loyal users averaging 10 minutes per session.

https://steemit.com/steemit/@gavvet/where-steemit-adoption-is-going-to-the-mooooon

FUD on brother!

Steemit is not intended to be a charity. Create valuable content that people will want to up vote. Don't be a beggar.

You must be high or retarded if you think the hard data recorded on an immutable block chain is not indicative of viral growth: https://steemle.com/charts.php

The problem with Bitshares' DEX was low liquidity caused by low usership. Steemit has solved that.

The marketplace doesn't need to sell everything someone may need in order to get people to use it. There are a ton (millions?) Of successful ecommerce websites selling to niche target markets (furniture, car parts, electronics, clothing, etc.) Just because I can't buy everything I would need on Ebay or Amazon doesn't mean that I won't use them. I use both even though I can't buy anything I may possibly need on them.

I agree people don't like change, but like Ebay, more risk prone people will try out merchants and over time they will build up reputations. Once reputations exceed expectations, the more risk adverse buyers wouldn't mind using the merchants for the sake of convenience, assuming prices are similar to what they can get elsewhere.

I know there are competitors, but those competitor's don't have the exploding user base of Steemit to leverage. Vaporware is vaporware, and it is not worth debating vaporware that I have no information on (your coin).

See edit

Link is broken

Edit: cause it is steemd not steemit. I found it. You should imbed the YouTube video so people can watch it without leaving Steemit.

Awesome, good work. I only had to watch a few minutes to know this is going to make you a lot of money via up votes on Steemit. I am glad I was able to get only the 5th up vote on it.

Thanks for the laughs and easy money. I'll go watch the rest now. 😆

Firstly, a marketplace is just one example of profitable ventures Steem can leverage. There is also paid advertising, gaming, gambling, mutual aid societies, web hosting, decentralized exchange (Cryptos and stock/commodity derivatives, etc), among others.

Secondly, you can't be sure that 99% of things people will want to buy will not be sold on the marketplace. Merchants hooking up with drop shippers could cover much more than 1%.

Thirdly, it will be much more convenient for the Steem market place to purchase things with SD in a Steem marketplace, and they would probably pay a small premium to do so. Exchanging SD to STEEM to Bitcoin can be inconvenient, and the fees involved may make up for the premium on the cost of the products or services.

Fourthly, confidence is built overtime. Amazon and Ebay did not start off with their loyal user base from the get go. It is not a stretch to say confidence can be obtained over time.

Let's agree to disagree. I think it could work if done properly. A majority of Steem's usership (and a super majority society) could give two shits about things like decentralization or what consensus algorithm is used.

Yes, I can confirm you are right about Dan's long term plan. He gave an overview of the business model about a week ago: https://steemit.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination

That is correct, I did not invest any money in STEEM. I earned my way in by posting and curating content.

I did however buy STEEM and power it up into STEEM power with the STEEM DOLLARS that I earned from said content creation and citation. Why you you ask?

To me it is play money, and it is inflating at about  the same rate Bitcoin did for its first 8 years. Thus, if Bitcoin (and Litecoin, etc) can survive that then I think it is possible for Steem to survive it too. That gives Steem 8 years to figure out a more sustainable model. I think it is even more possible for Steem to sustain that ibflation, because I think it is growing exponentually faster than Bitcoin is. Or, at least recenttrends indicate that it will.

I agree with Smooth on this... no one can tell the future. Although the economics look bad now, there are ways that they can be improved. I previously mentioned paid advertising, but there are other ways as well. For one, Dan is currently developing a Steem marketplace which could also bring in lucrative profits to make the model more sustainable.

I think it has more of a chance to succeed than other decentralized markets, because the Steem social networking platform's usership is exploding. I don't see that explosion slowing down anytime soon, as even though Steem is getting beat up on Bitcointalk.. most of that usership has never heard of Bitcointalk (or cryptocurrencies for that matter).

This gives any other profitable features built on top of the Steen social network a huge advantage versus other blockchains. Take for instance Open Bazaar, they are simply a decentralized marketplace and nothing more. Once Steel's marketplace is up and running, it will start out with exponentially more users than any of its competitors. Ebay is so successful because of its usership. Users will be attracted to the markets with the most buyers and sellers.

This advantage can be applied to other profitable features as well. The social network can be seen as the marketing arm of a Steem conglomerate. Steen could become the Google or Apple of blockchains, and that is why I reinvested what I earned in SD into SP. I may be willing to invest speculate in more SP with my own money based on the off chance that happens IF I had extra disposable money I didn't mind losing (which I don't at the moment.)

Pretty much, hence the anti-steem crusade. Jelly donuts for all!

Rather than show the current price, which is subject to huge swings and fluctuation, it shows the value being based on a 10 day average of the STEEM price.

This is meant to give a more accurate estimate of what the tokens are worth. It is off quite a bit now because STEEM has been pumped pretty hard the last few days. A correction seems to be happening, so the value should be more accurate after the market settles down a bit.

Fwiw... I may be off on the 10 days thing.. Maybe its a week... it is something like that, I can't remember.

Well, this has turned into quite the anti-Steem circle jerk. It is clear some of you have not read the white paper, as you are wrong/confused about several things. Yet, I have wasted enough time with trolls already. I am certain there are at least a couple sock puppets posting here too. It us funny that as soon as Steem shot up coin market cap all the other bag holders feel the need to tear it down to prop up whatever they are bag holding. Very sad indeed.

Sorry.. I got sidetracked fixing my dad's riding mower. Another date tonight. I will be back tomorrow. 😊

Exactly. You can't answer that. Exactly my point. FUD on brother.

Let me dig through your posting history and show you how the Cryptos you support are "hyper inflating". Brb

If you think 11.11% inflation is "hyperinflation" and unsustainable, please tell me which cryptocurrency you support then? Why are you here? They all are inflationary. Singling out Steem for something all cryptocurrencies do is easy. Misleading, sure, but easy.

You keep moving the goal posts.

First you claimed Steemit long term shareholders were being debased at a ate of 100% per year. You were proven wrong multiple times and played dumb for 5 pages of this thread. We explained multiple times that it is only inflating by approximately 11.11% and you played dumb.

Then you said 11% inflation is "hyperinflation" and unsustainable, and claimed But do in was deflationary. Then I pointed out how much Bitcoin is inflating since its inception, yet done very well for itself. If you consider 10% inflation "hyperinflation" and a doomed crypto, how do you explain Bitcoin going from $0 to over $600? Proven wrong again.

Then you claimed Steen has no use other than speculation. Then you claimed to be a mind reader and all knowing, saying that the only use for buying Steem is speculation. I then pointed out it can be powered up to increase sway and rewards in content creation.  Proven wrong a 3rd time.

Then I explained there are ways to reduce or negate the 11% inflation, which you ignored.

I am not an early adopter actually. I just started using Steemit 6 days ago: https://steemit.com/@coinhoarder

I don't care if people buy Steem or not. In fact, I suggest that you don't.... I sure didn't buy any STEEM.

I made posts and upvoted posts to earn what I have in my account, and I suggest you guys do the same too. It is easy money... I made about $115 so far.

Anyways, Albert is clueless and spreading FUD. I get angry when people spread FUD and refute their points. His point has been refuted about 100 times already ITT.

If he would be reasonable about what he criticizes Steem about, then I would acknowledge his points. There are at least a few very valid criticisms of Steem, but he is not arguing for any of them.