A recent post - to which I replied - by one of my favorites @denmarkguy got me thinking. As you know, I'm all but done with this site. Nothing here is worth it anymore. Not from a money standpoint and not even from an engagement standpoint.
I tried to say this would happen, but I got called toxic by the same whales and semi-whales who now upvote people saying the same things I was saying, but that's water under the bridge, so whatever.
Those upvotes aren't even worth anything anymore, so I got the last laugh, I guess.
Denmark asked the classic question that always gets asked around here whenever there's a slump: "What other site pays you for blogging?"
And this isn't a knock on Denmark in any way.
It's just that the question no longer applies. The competition already exists. And I'm already making more money per post on Scorum than I am on Steemit - and SCR is less than half the value of STEEM.
More competition will happen, and there will be less and less of a reason for anyone to stick around on this site.
Where I differ from most people, though, is that I don't even blame @ned or Steemit, INC. Yeah, they're incompetent clowns, but the real problem is the stakeholders.
They are the ones who turned this place from a social media site that pays into a business for wannabe venture capitalists, which sucked any and all fun from this place as the whales stopped even spitting on a house that's on fire if there wasn't an ROI involved.
Yeah, fun. When's the last time anyone had any fun around here? There's none to be had.
Despite what the popular sentiment is, a lot of us were here for the novel idea and concept of having our content rewarded with cryptocurrency, based on our ability to network, as well as people liking our content.
I know we're all supposed to, and expected to, care about SMTs and the long-term vision for STEEM (whatever that is) but the big selling point for the vast majority of us having our content rewarded - and being able to reward others.
That's all I ever cared about. I still don't even know what an SMT is, and no one needs to explain it to me since I don't care.
And since Steemit no longer has that selling point, it's going to have a hard time onboarding people to STEEM. Those of us that Steemit onboarded initially, are now moving on to elsewhere, and those projects will onboard people into their tokens in the future.
Don't blame Steemit, INC. They are and were just lazy. Blame the people who came up with the idea that votes shouldn't be given out for free based on liking content because boohoo socialism.
That right there is the cancer that sucked out the fun of this place for us regular Joes. And while, yes, the individual crypto whales can make those big purchases that lift the price up, the regular Joes outnumber them to such a big degree, it's us you should have catered to since a regular Joe buying 1,000 STEEM when there are millions of them would have been a big deal.
But you killed the fun for us.
And we're going elsewhere.
You fucked it. Enjoy your dwindling stake, assholes.