Fuck em. Simple as that. I literally couldnt care less what bitcoin maximalists say.
Bitcoin is slow, expensive and i dont think it will ever be used as a means of payment on a large scale.
If Steem is worthless, then Bitcoin is worthless 10 times over. I dont care what the market says. I really dont.
Because i know im right. STEEM is the most undervalued cryptocurrency out there.
Now, i can eventually make some money from that fact if the market realizes it as well, or i can lose money because the market is stupid and just doesnt care about project value.
Either way i was right.
Ill rather be right then shill garbage.
the market can only ignore solid projects for so long before fundamentals force the respect they deserve..
I dont agree. From what ive seen lately i question the worth of any value proposition a crypto has, based on the market makeup right now.
It seems the project evaluation does not go beyond "its p2p".
Thus Dogecoin on Binance.
That's the problem right there.
There is nothing to see.
The battering ram hasn't been invented yet.
Let's talk about this again a year from now.
Thats what the other guy told me last year. 😂
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And now we have SteemEngine tokens,
on the verge of SMTs,
Reduced server costs for Steemit Inc,
Ad revenue for Steemit Inc,
subsequent talk about diluting programatic selling...
Everyone is jaded about having spent a year in a heinous bear market.
You have to give it a year in the bull market first.
Ideally you have to give it an entire cycle,
which is dictated by the Bitcoin 4 year halvening event.
Once you're in the space for at least 4 years I'll take the bearishness seriously.
I've personally only been around 19 months.
Steem itself hasn't even been around for a full cycle.
Even if we do enter a bull market.... the question will still remain: "Is it due to Steem being a quality project, or is it due to the cyclical nature of the crypto market?"
Was all this development a waste of time and we should have focused on hype instead?
There is a case to be made about the steemit.inc layoffs.
Would it have been better they did much less, even nothing, and had low costs never having to lay off people and come out with the only piece of press Steem had in a long while. That being bad press that is basically the only thing people outside steem know about steem right now.
That is the nature of crypto i see now. I see no reason, when choosing a token to invest in, to look at anything other then its marketing strategy most of the time...
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