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RE: Well, that escalated quickly: HF 21/22 and bidbots
It is a fair assumption... The Steem price is close to a point of never return and there is real competition on the ETH and EOS Networks... Kill the Bots or enough big Stakeholders and Steem as business fails.
How do I come to this:
-> Steem needes Servers
-> Servers need Admins and Electricity
-> The costs for both aren't sufficient already
-> if those people change to other Networks NOW they will start making money instead of burning money - and that by tomorrow
-> So why do they stay? And why are you wrong?
Answer yourself, I'm curious to read it!
No, there is no evidence to suggest that many of the Stakeholders who delegates to bidbots would choose to dump STEEM at an ATL in BTC terms should the bidbots stop. They held STEEM for months/years prior to bidbots becoming popular at a much higher price (especially against BRC). So it is not a fair assumption at all.
Most who holds STEEM believe that there's still a chance (though perhaps just a small one) that it will become an attractive platform to build social apps. Then STEEM as a native currency across the many web apps and pages will be sought after both by people looking to participate and thus needing Steem Power, as well as people looking to buy and sell services on Steem with STEEM/SBD.
None of the other points here are relevant as far as I can tell.
You just don't get it
Yes I do.
mhm
We run a top witness ourselves and would continue doing so at a lower STEEM price.
All of what you say is true thst it takes money to do this. But none of that has anything to do with bidbots, or whether or not stakeholders who delegates to them would dump their STEEM if the bidbots were gone.
You assume ppl are independent and strong :))
That would be fantastic...
ahh you're from Norway.. so beautiful
If enough of the remaining Witnesses decides tomorrow, that they don't pay 200$ a moth and dozens of hours valid work time for maintaining a Server, what will happen? GG - Quit. With Steem at 0.15$, they can't pay the server costs and with Steem dropping, even more, they will just stop.
It is one thing to belive in Steem and Post/Create here and another to pay ~2.500,00€ Server costs a year. And we need those servers to run the Chain, because it is a DApp you know :D
Your profile tells me:
Economist and Entrepreneur with background in the space sector. @steempress co-founder and witness
So enlight me, what do I get wrong? It seems you should be right, because you're more experienced. But I must warn you, I did build up a few companies, too. Even if it is only as a consultant, I know how to roll.