RE: Why Steemit, Inc. NEEDS to Increase the Community Creation Fee
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Everyone wanting communities to be expensive are looking for the quick buck through a pump and dump. The introduction of communities is a necessary tool for attaining mass adoption in the way that Reddit has. These communities are like subredits, and subredits are FREE.
How do you expect Steem to succeed when it charges for everything that all the big sites give away for free?
Steem is not valuable yet.
Steem is a tiny community for now.
(Only a little over 11,000 people with 500 SP and above!)
Facebook didn't even know how it would become profitable in the beginning. Sometimes, you have to forego immediate earnings for future gains. The communities addition is not about making the STEEM price go up, its about making Steem a blockchain people actually want to use. Once Steem is busy with communities, content producers and a massively diverse crowd of interests, then STEEM will go up due to sheer demand for accounts and RCs.