Current Situation of Steemit Blockchain.

Best regards;

For some time Steemit Blockhain has been showing a notable decline in its blockchain. Internal problems, hasty decisions and a notable centralization coupled with mandatory impositions and strict compliance are issues that have caused great discontent among its users.

The current turmoil in the crypto world has apparently accelerated the decline of Steemit. Will the fate of Steem be the same as Terra? Perhaps this is something that is probably too hasty to predict. What is a fact is that with luck the Steem can reach 0.350 cents again.

More and more people are leaving Steemit. Looking for a salvation in another project since it is plunged into a total financial crisis and proxy war.

The lack of investor commitment has meant that only whales like steemcurator01 and steemcurator02 can provide full support to content creators. However, as is well known, no vote is guaranteed, and in order to receive a vote from one of these whales or receive Booming support, certain "Mandatory" requirements must be met.

Let's take a short tour of some measures in Steemit.

Within these requirements are, Not having started power down in the last 2 months, belonging to a club #club5050 #club75 and #club100. And in this last week to be active in the burning of 25% of Steem, a process carried out under the label #burnsteem25 and assigning @null as beneficiary.

The Steemit Blog Inc. team opted for a little over 6 months, the clubs were established. In total, 3 types of clubs were established, this "with the intention of trying to recover the price of the cryptocurrency and encourage its users to become investors in the blockchain." The purpose of club5050 is to light 50% of the rewards generated during the month, club75 to light 75% of the rewards generated during 2 months. And the club100 turn on 100% of the rewards generated for 3 months.

I particularly consider that investing in our native tokens is an excellent practice that we should all do, apart from contributing to the strengthening of our blockchain, it also gives us the possibility of supporting other users and thus generating a better website. development for all.

The root problem is in the distribution of votes for these active users in the clubs, since apparently it is managed through centralized structures and not by evaluating exclusive and quality content. Thus breaking the rule of exclusivity and quality.

Currently Steemit Blog has tried to impose the mandatory burning of Steem to its users through the #burnsteem25 tag, setting a 25% beneficiary to @null. This seems one of the most desperate measures because Steemit Blog has really figured it out.

^{Current Steem market and outstanding shares. 29/05/22 Hr:14:28 Souce}

Perhaps 1000 users whose monthly rewards barely reach or exceed 500 steem could generate some positive impact on the price of Steem by allocating 25% of their rewards to burning?

This looks like a contribution from a small drop of water thrown into the sea.

This new initiative has encouraged more abuse within the Platform, as there have been cases of large users who receive constant support making indiscriminate use of the #burnsteem25 tag and not making the respective configuration of 25% to the @null account.

The migration of Steem users to other blockchains like Hive and Blurt seems to be inevitable. This could generate a positive impact in the medium term in our Hive.

From the above I can conclude that we are at an ideal time to invest in Hive because the impact of this migration and future Hive purchases will make our currency acquire greater value.

Do you want to know more about me? I invite you to read My presentation on Hive Blog.

Author	@apolo1
Country	Venezuela
Edición y banners	Picsart
Category:	#leofinance #finance #proofofbrain