Sheepcoin

in #bitcoin7 years ago (edited)

Buy more, save it up, and preach the word. Think about abundance. Plus, your minute thoughts and actions as a network participant are simply irrelevant, because the supply is 100% regulated by automation. Add more computing power and the network adjusts itself to give you more yield by effectively reducing the overall payout for the rest of the network. Subjective contributions are not accepted, not rewarded by the protocol. There is only one job. It's slow, laborious, and there's no other choice but to follow.

Oh yeah, that's Bitcoin.

Not that it's a bad thing, but let's not forget NNT's turkey problem.

So it's actually quite the opposite of STEEM when it comes to supply regulation and personal experience. Seeing that market value is largely based on belief, how do we turn each activity on STEEM into something that's self-reinforcing despite its rather non-conformist nature? Baked-in subjectivity amounts to network inefficiencies like greed, human error, etc, but it also enables super-efficiency. Think about good samaritans, geniuses, black-swans etc.

Every new post being a blank slate, maybe the coin is what we make of it.

Edit: Here's an article with a pretty interesting title: The Unbelievable Value of Disbelief


I have nothing against sheeps. Just a word for conformity.

Sort:  

We are with STEEM and STEEM is with Us. Let the Witnesses proclaim the Truth! Come to Our Platform. Drink the funky, funky KoolAide. The Blockchain is Unity.

:P

I've never tried Kool Aid.. lol

This post has been ranked within the top 10 most undervalued posts in the first half of Mar 09. We estimate that this post is undervalued by $10.36 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Mar 09 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

Your reward for being in Promoted is an upvote and 0.020 SBD extra promotion.
Good job, keep your contents promoted! :)

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.029
BTC 67130.22
ETH 3466.74
USDT 1.00
SBD 2.73