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RE: The market has it wrong!
He mentioned it a few times when it was in the top 30. Now that it is outside the top 50 he mostly ignores it. He doesn't pay attention to coins outside the top 50...
He mentioned it a few times when it was in the top 30. Now that it is outside the top 50 he mostly ignores it. He doesn't pay attention to coins outside the top 50...
I usually don't either. :-(
Can't believe how far this project has fallen. At one point steem was the second most valuable crypto in the world.
I agree. It's incredibly frustrating. I can only imagine how difficult it must be for somebody that has 115,000 SP.
I still think there are a ton of great projects happening in our world here. I also still think that Steem has the greatest potential of any coin out there. That's what is so disappointing about it all so far.
The userbase should feel good about holding.... instead we all feel as if we've missed our opportunity. What a terrible feeling that is.
I just fail to see the future at this point. Steemit.com was the big potential here and that has been utterly and completely ignored. They have no money they are willing to spend on things. Whatever anyone else builds, steemit.inc has roughly 80 million steem they can dump on any upmoves. I am failing to see why I am still holding what I hold at this point...
I think the potential exists for one of the other major DApps (Busy or eSteem) to ‘take the crown’ from Steemit as the main social media interface to the blockchain. That way Steemit Inc can get on with running and improving the chain, and someone else can take point on the UI/UX stuff. Of course, there’s always the chance that @ned has received a bit of a ‘wake-up call’ over recent events and is working to put things back on track. Osit.
Yes that is the hope, but we really someone to come in with money. We are lacking that currently. Everyone shows up to steem to take money from it, not put money into it. EOS raised $5 billion with which to build things. Steem has no such warchest, pretty tough to compete without a big warchest...
Look at what happened with EOS though.. significant governance issues and wealth disparity on the network due to way the ICO took place. Admittedly Steem does have some of these issues as well, but the community is much more developed than the EOS community, which is almost exclusively focused on commerce. Have you seen the EOS fork “Telos”? They just launched their mainnet and trading activation should take place on Wednesday. I’ve been watching them quite closely - they’ve launched with a very good governance model that fixes many of the problems with EOS. Genesis accounts will have a capped balance for the first month to limit the influence of whales. If Steem could assimilate some of the lessons there for reducing gaming of the network and improving resilience, then it might help make Steem a more attractive prospect for investors. There will also probably be some ‘halo effect’ once Bitcoin starts its upturn, too. I think we need to keep focused on building the community and ensuring good content earns the highest rewards rather than stressing too much about development investment at this point. That will come in due course provided the basics are looked after through the crypto downturn, osit.
Unfortunately, I still think EOS's future looks much brighter than steem's at current prices. EOS just better make sure they did the ICO process right. That is my only fear over there, SEC labeling it a security or some kind of violation of securities laws with the way the ICO was conducted.