We're facing a small crisis in regards to the current situation with STEEM and SBD value, Steemit user retention as well as resistance towards ideal conditions for investors to enter. While plenty of talk has been seen in various posts here on steemit and in the chat channels a lack of actual action continues to see the price of both STEEM & SBD fall. It's time as a community to change this immediately.

I'm writing this post as a proposal to my fellow STEEM network inhabitants, witnesses and developers to follow my lead if they agree that STEEM & SBD have future value.

What Can Be Done About This?!

For starters one thing to keep in mind is that STEEM is still a very new platform and economy and part of any newly designed system is calibrating it and fine tuning the necessary parameters in order to ensure both current and future success.

We're still very much on the "maiden voyage" of the STEEM platform, with the high post payout honeymoon phase now over and fading in peoples minds we've got to shift our focus into the longterm game plan: start offering more lucrative incentives for both current and future readers, curators, content creators and investors.

Setting the Steem Dollar Interest Rate Higher
Scaling the Account Creation Fee up too!

What that picture above is my latest witness update today. I've set the Steem Dollar yearly gain to 20% APR as well as scaled the account creation fee to 51.337 STEEM worth around $6.85 USD at the time of writing this post. Not only will this encourage people to convert their STEEM payouts to SBD and hold for more profits but also help enforce the peg as well as create demand and stronger hands.

This change across the network would see people gaining 1.66666667% on SBD balances monthly and have the account creation fee Just under $7.00 USD of STEEM.

Converting STEEM Payouts to SBD in the Internal Market
Help Fight STEEM Inflation Instead of Dumping

The Problem: People are taking their STEEM and dumping it on the market rather than holding on for a large reward later. This causes the STEEM price to plummet.

Solution: Instead of taking your STEEM and Converting it to BTC consider instead swapping it for SBD on the internal market to collect interest paid out monthly.

Powering Up STEEM Rather Than Selling Helps Everyone
By Powering up Your STEEM Payouts Vote Power Grows

The Problem: Content creators are preferring to liquidate their payouts for BTC instead of powering up or converting to SBD and holding. This strains prices.

Solution: Instead of taking your STEEM and selling on the market it consider powering up your or converting to SBD and holding for the interest paid monthly.

A Call to All Users, Witnesses and Developers

Please consider mirroring the above when you find yourself with more liquid STEEM than you need to cover your monthly expenses and time spent creating content.

Converting STEEM to SBD in the internal market greatly helps balance out the hyper inflation we see with STEEM. Do your part where you can. Every little bit helps.

Fellow Witnesses: Please consider adjusting your APR rate to 20% or more and upping creation fees! We're the ones who need to lead by example. Help me Help STEEM.

(all images are screenshots from http://steemstats.com by @jesta)

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