steem faucets. beyond the mere individual, and can the community use them to raise steem or sbd?

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·@firstamendment·
0.000 HBD
steem faucets. beyond the mere individual, and can the community use them to raise steem or sbd?
I will not post referral links as tempting as it may be in this post-Although if I see a hatchling wanting a like for a likeor follow for a follow  in the future or someone asking for an sbd interest rate...I think I'll give them a referral link and this one.  

In the last few days, a few users  ( @spykemajeska , @kaigani ) started posting about free bit bean and a site https://www.earncrypto.com .  see ( https://steemit.com/cryptocurrency/@spykemajeska/bitbean-why-i-am-buying-in-and-hoarding-these , https://steemit.com/cryptocurrency/@kaigani/how-to-collect-1-2-sbd-daily-using-earncrypto-com).  Give them a like and a follow for their find because they found a quite useful tool for the community even if it isn't obvious, and if you want to thank them further then sign up through their links.  I see this as a great opportunity for hatchlings to seed their accounts and get started, and a great opportunity for the stay at home folks like the unemployed, moms, college students, teens.  As long as steem is so cheap, i'll keep it running too.  I am mostly extending their finds to explore what if the community collectively used this for the community, rather than just looking at it from a single user view point.  

  earncrypto is a series of those offer walls where you get awarded points-1 "point" is worth about 1 cent in crypto- and basically a yucky feeling when I first saw it like it was a lost cause.  But the watching video earning method works quite well, especially if you let it run on mute at night.   The drawback is eventually you'll get a window that asks if you are still there, and it will stop showing videos.    Hmm, a clicking colored button is what would keep the videos playing.   I would imagine botting is against the TOS so I won't bot, but really if anyone wanted too it would be quite easy with java's robot class probably in 10-15 minutes.  https://steemit.com/programming/@firstamendment/making-bots-and-botting  .

https://i.imgsafe.org/f0/f0bd049a1b.png

  The next day, i learned that you could keep the videos running in a window and still receive credit, and the windows can be in the background.  Eventually the price of bitbean went up more than what I care for.  So I choose something that I believed was undervalued, steem was an obvious candidate. Initially i thought it wouldn't be worth my time since i just wanted to get into bitbean for free.  Well since I do legal motions/research at home, I can keep it almost always running, it has in under a day produced about 29 cents (quite a bit more as i type, but  i am over 24 hours mark now).  

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<b>The problem.   Steem is likely undervalued.  </b>

  The reason why steem has fallen isn't a matter of rocket science.  There is too much steem in the market right now.  So the obvious solution is to buy more and take it out of the market.  Well for many people, they don't have the money, or the market may have other ideas and it isn't good to fight the market. A community lead initiative of using faucets could pull the coins off the market for at no risk. 

 To compound this problem, there are people who use steem to pay for their day to day living.  That is fine, eventually we all will probably sell at some point.  At least they are earning their steem legitimately by adding content that people like-and they deserve it.  But anyways between phishers and people who can honestly blog for a living, they put more steem into the exchanges.  The greater the supply in the exchange, the less people will get in return from it.  the lower the price, the harder the incentive is for people to stay.

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<b>best Method observed so far:</b>
Using one device, we basically do what this post suggests:
See https://steemit.com/cryptocurrency/@kaigani/how-to-collect-1-2-sbd-daily-using-earncrypto-com .  

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<b>The theory:</b>
  Using faucets to pull those steem out of the exchanges reducing the supply, which should help increase the price.  With a higher price it would help the curations of the blogs we like, increase our own market value, and give those who blog for a living more bang for their buck, and help reduce the amount of steem being put into the exchanges, and possibly drive up the userbase of steemit as it become more lucrative to use this platform.   Higher prices are a blessing for everyone.
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<b>The numbers:</b>
  we have maybe 300k people signed up for steem, if you get something viral going and the message could reach 10% of them, and 1% decided to play along that is 300 people.  This is ignoring say people asking their kids, cousins, parents, work colleagues, etc, to give it a try...but just so you know, the numbers could vary greatly.    According to https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-friday-november-17-2017 there are only about 28k active users on steemit.  But still, I will assume a convenience of 1k-10k viral effort for analysis-just convenience, no marketing magic.  I am figuring more like 7 cents per participant a day;  At night, and before you leave for work.

  Collectively, This creates an income of about $70-700/day being pulled back from the market back, hopefully stored as sp and and back into steemit.

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<b>The impact:</b>
From https://coinmarketcap.com/currencies/steem-dollars/

It looks like 24 hour volumes, loosely speaking, during the certain points in the last week fluctuated between about 1 million and 2.22 million dollars.  I am sure that some of them are just daytraders doing there thing.  But I don't think even the upper limit of $700 will make much of an impact.  On a low volume day, it would be about .07% of the volume at best.   Marginal impact if any.
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<b>An interesting Alternative: SBD</b>

  Personally I don't like steem dollars, which is why you see a special little icon on the title of my post;  I want SP.  But SBD is an interesting case for a community based faucet initiative.  Maybe I will have a change of heart about sbds in the future, but for now i'll stick with SP.

https://steemdb.com/ shows us there are about 3.27m coins circulated-and a coin is worth about a buck.  
  But the daily volume of steem dollars is about $68k to a high of $870k, over the last week.  according to https://coinmarketcap.com/currencies/steem-dollars/ .

Assuming the upper limit, albeit unlikely, $700 dollars can be as high as 1% of the daily volume.  So long as the value of sbd remains about a buck, about .02% of the sbds can be removed from the exchange daily under the $700/day figure.  In about 2 months, 1% of the coins could be pulled from the exchange.  In about a year, 10%.  But of course that assumes sbd remains a buck, as more supply is pulled, the higher the prices ought to be.
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conclusion:
  I think that the likelihood for a viral movement by the community to reclaim steem on the exchange would be marginal at best-if it is even observed.  Although i will stick to my steem while it is depressed in value,  i think the community in a viral effort could drastically increase the value of sbds if they really wanted to via the faucet method.   I still have a bias against sbd since I prefer sp,  and I am sure others feel the same which would mitigate the effect to some extent of the community reclaiming sbds as they would likely exchange them for steem or sp.

  I suppose some people could extend it further, what if the community went, through delegation,  into the pal minnowsupport project.  I doubt many people would delegate any of it it all to msp, but even the referrals could help msp.  So anyways @aggroed you been tagged.
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