VLOG #11

in #vlog10 years ago (edited)

I'm taking a different approach with this VLOG.. I talk about how I feel about Steemit and the direction we are taking. Here is the link to the "Account Creations Chart" https://steemle.com/charts.php

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No worries man. The price will rise and fall and it's important to not get caught-up in the details. The big picture is freaking gorgeous and we've all just barely begun.

Hell yeah bro!
I'm all in on Steem Power so I hope so :D

@piedpiper Maybe you haven't put enough time into thinking about the fact that SteemIt is a Ponzi structure. But if we survive for a few years then we're all golden :)

People throw that word around a lot, evidently without knowing what it means. Steemit doesn't rely upon people bringing outside currency in because it creates and issues its own currency (steem).

Really? So you think when you cash out $10,000 in SBD you magically receive that money? You can only sell if there are buyers. If there are no buyers nobody can cash out. It's that simple.

Not to mention that there are about a 1000 new accounts made every day and almost nobody is buying any STEEM.

Also @ned & @dan and all their 20 aliases own 90% of the money in the network with their unfair premine. It's going to be a crucial year. I wouldn't be surprised if it fails miserably.

That's all years away. Don't be surprised if it never comes to that. The only way steem is going to skyrocket is if they facilitate FOREX trading without fees. Then we're all millionaires within no-time. But for that to work the blockchain needs to be much more decentralized and secure.

Yet.. but steemit is new!
It has the possibilities of being a world wide digital market place, and at that point the price would skyrocket.

Nice @stealthtrader
Shot you an Upvote :)

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