>And it also showed us that locking up payouts builds loyalty. But locking up investors was really, really, really, really stupid.

I agree.


>I think there is no market because there is no stickiness. And the reason is because the concept of earning money from blogging (or curating) is flawed as a mass adoption onboarding.

I don't think the concept is flawed, it's just that it shoudln't be advertised as a blogging site to make money. This is probably the biggest mistake they've made which they can still rectify.

Steemit should be a social media site just like facebook with options to make money. Basically like games on facebook . Steemit should be like a social media site with many funny ways to make real money ( blogging being one of them) but you could have surveys,games,helping people with questions,predictions markets,etc...


To me the main reason people leave the site is
-the price decline, users have less rewards than they were used too
-the non social friendly site, no friend suggestion,no way to PM people, UI is too basic with no social media option
- lack of ways to earn rewards/ there are some people who tried blogging but never received any rewards, those people should be able to find alternative ways to earn.
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