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RE: Steemit in the news
there's a reason for that - the general opinion is that it is a scam, and because the ninja mined steemit and troll accounts are milking the money that comes in from investors, almost anyone who has risked serious money on it has lost, and the chart looks like a dog's breakfast. Seriously, if you did not like the forum, would you buy steem?
I'm sure all the people who bought it when it was below $1 are pretty happy, especially when it was at $0.20 and such
I'm sure that was the hope of the ninja miners too...
I was :) But it should never have gone that low. That was the pigs feeding at the trough. Market cap was cut in half from 250mil to 120mil.
Sure, they aren't so greedy now, cos it looks so bad, but c'mon, seriously, how does this parlay to a sustainable platform? They are about to spend a shit-ton (and put a shit-ton in their pockets) to make their code better. Well, it's ridiculous because they already are paying coders.
Obviously they are incompetent.