I Bought More STEEM Yesterday: This Is Our Blockchain We Need More Than Just NedsteemCreated with Sketch.

in busy •  5 months ago

Wow the recent crash in prices really brought out the negativity. I guess that is natural since so many still believe price action reflects what is really going on. As I tried to show in my article, nothing is further from the truth. In fact, it is my view that we are in the middle of major market manipulation meaning that no matter what takes place in terms of development, prices will continue to go as the money players see fit.

This was topped off by an article I see this morning about @ned and his creation of Destiny. The author, along with some of the commentors, were wondering why he left Steemit behind? Why would be create a new interface when the resources could be put towards Steemit which has no updates in forever?

I find this question to be very interesting because it reflect a bigger issue. Ultimately, people talk out of both sides of their mouths, collectively.

Here is the deal with Destiny. Ned said it was a new company that he was forming. This means a totally new investment. Now I will be the first to admit it could be a shell game with many of the same people investing in that as did Steemit. However, there is a chance that other people could be involved.

This ties to the other aspect of things. With a new platform and, I presume, a different set of developers, there will be more people focusing upon different things. This is decentralizing what is taking place. New investors means more people with their hand in the pie financially while spreading the programming out makes us less dependent upon Steemit, Inc.

Don't people often complain that Steemit has too much power? Do we not say that things need to be decentralized more? Now when Ned is doing that, at least on the surface, why is he doing it?

As I said, it could be a giant shell game. I do not know. That is why I used terms like "could" and "there is a chance". I have no first hand knowledge of the structure of what is being said up. I am merely pointing out possibilities. My conclusion about the developers I am pretty confident in since it was stated that Steemit will focus upon the blockchain coding. To me, I read this as different developers hired by the new company formed. Again, at least the coding is being spread out some.

Speaking of developers, to me that is the real barometers. One of the goals Steemit has is to make Steem very friendly for those who are interested in development on here. Not being a developer, I cannot state the status of how they progressed but I can say the developers I talk to are fully committed to Steem.

They see the potential of what is taking place with their applications. They also interact with others of like mind and get their feedback. I think, overall, the optimism among the development community is rather strong.

I think the main problem resides in the fact that too many still look at Steemit as Steem. At this point, Steemit only needs to deliver code that passes the scrutiny of the Witnesses. After Hard Fork 20, the Witnesses are the ones who need to pick up their game in terms of accepting or denying the updates.

Outside of that, I really do not care much about Steemit. Nothing against them, but they are blockchain developers to me, that is all. Anything that is done above and beyond that is gravy. Ned is not the face of Steem, he is not the leader, nor is he the one who is going to make it success. He can have a hand in all those things but there needs to be others.

This is our blockchain. It is up to the hundreds of developers to create applications that are wanted. The community is responsible for embracing the applications they like and supporting them fully in the ways it can. We all can do a little something to help push an application forward.

I am putting my money where my keyboard is. I powered up another 800+ SP yesterday after the fall below $,60. Skimming through posts, I know I am not the only long time Steemian to do that. There were a couple of Orcas who also bought along with @stackin who posted about it.

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It can be tough when things are going bad. I will leave you with this today.

"...the cryptocurrency market is in a slump, but there are many exciting developments occurring below the surface."

This statement was made by crypto bull Mike Novogratz in an article yesterday. He realizes the pricing action is disconnected from what is taking place.

“While it feels like a crappy bear market — and it has been in coins — underneath it there’s all kinds of positive things,” the billionaire investor told Bloomberg. “There are new technologies coming. There’s positive movement on the institutional adoption of the architecture needed.”

Do you know what he is really pounding the table about? Security tokens. This is what I pointed to recently as a tremendous technology that is going to change everything over time in terms of financial opportunities.

Novogratz said several companies had been tokenizing luxury condos in the high-priced real estate markets of New York and Aspen, Colorado. “You’re going to see more and more of that,” he promised.

“It’s not nearly as sexy as Web 3.0, but it’s a part of this broader movement of tokenization, digitalization in blockchain,” Novogratz noted. “The blockchain makes a lot possible.”

https://www.ccn.com/as-crypto-prices-tumble-mike-novogratz-pounds-the-table-on-real-estate-tokenization/

The only way you should buy into any of this FUD is if you believe blockchain and cryptocurrency is a total farce and will disappear. If that is the case, then it is best to jump ship and move onto something else.

For the rest of us, there is a tremendous opportunity in my view.

I am still very optimistic about what is taking place. And so are many of the developers.


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I have almost another 5000 steem power to buy

I've been buying steempower for the last three days. What spurred me on even more was this post i read today which i found very interesting.

https://steemit.com/steem/@kus-knee/the-old-dog-heralds-good-news-for-steem

I have also bought some Steem. Dead cheap!

The price is a funny thing. I asked around and nobody wants to sell to me for 60c.
So who's actually selling at that price? Guessing it's not anyone with a presence here, and an understanding of what's actually happening.

all the posts about ned jumping ship to a new project should see it for the positive that it really is that means he A. feels steemit is either at a point now that he doesnt need to influence its upward progress as much anymore and is now focusing on something new to continue to push steem to mass adoption
or B. he feels the new project would not mesh with steemit as a blogging platform and deserves its own company/developers/chance to shine outside of direct steemit influence.
personally i think its a little of both

as far as steem dropping anyone that jumps ship now should take a hard look at how much they intend on using the platform from this point onwards. because if you are walking away from steemit fine cash out though it still might be better to wait that out until things get back to at least 1:1 but for anyone thats staying for more than months anyone thats just starting their journey in steemit would be a fool not to invest in steem and stick as much as you can into sp. it doesnt do you nearly enough good just sitting on your account not being utilized through the power of sp and the 13 week call back is a mute point unless you just cant afford to squirrel away much.

personally i wish i had a 10 thousand i could invest into steem/steemit/steemmonsters etc etc there are many things coming to steemit and anyone that cant see the amount of work and dedication being put into this platform should probably get some glasses because it sticks out like a sore thumb and we're all going to be in a better position on steemit come Q1 and beyond.

also for those that know nothing about destiny there are some videos floating around out there where ned hints at what it is what it could be in the future and to be honest it makes sense once you read up on it why he doesnt necessarily want it lumped in with steemit.
if you are struggling to find those videos just look for any newer videos where he mentions smt and where thats heading for steem and things will start to click.

I would like to buy more but right now I don't have the liquidity available for this purpose. At least, I can accumulate more only posting on the Steem blockchain.

so will we all be moving to Destiny soon ... or Busy.org ... or, i mean what is the face of Steem? what is the platform.... honestly, wtf are we supposed to tell people about Steem? there's like a million uses but zero uses.. at some point not having a plan makes the whole thing look like a clown show. thoughts? peace

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I can't speak for everyone, but I already moved to busy.org. It is a much better interface than Steemit is.

You dont think there is a plan? Do you think that @steemhunt has a plan? Or @steemmonsters? Or Busy? I know they do.

So I fail to see why you think there is no plan which makes this look like a clown show.

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maybe I should move to busy just for a refresh. the hunt and monster cardie thing is cute, but I mean communication from leadership, there should be weekly updates and quarterly assessments ... for a 100s of millions of dollar entity, it's a joke frankly

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Busy is a much nicer interface in my opinion. It has a few more features like alerts and pricing of tokens mentioned in an article. There are also recommendations.

As for steemit, the development team is putting out weekly updates for the last few months. Outside of that, I think you are looking at something like a centralized organization would do.

And I would say the monster cardie thing is a lot more than cute considering then drew in hundreds of thousands of dollars in revenue in about 6 months. It is one of the leading blockchain applications out there.

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what is the link for the development team? ty

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I wouldnt say a clown show, more like asking a teenager what he would do with his life : "eeeeeeeh I don't know, leave me alone!"

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I also bought more SP today.


I want buy more also... but I not have Money, so I can only post and collect what I earn here.
We must HODL .


Lately I do not expect more from #steemit.
Hearing about destiny is why we need to educate ourselves.
You said it better the difference with #steem the token
#steemit the interface to post and earn #steem.
Good time to stack up.

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Me to :)

🏆 Hi @taskmaster4450! You have received 0.2 SBD reward for this post from the following subscribers: @cardboard
Subscribe: support steem authors, earn profit :)

I was also happy to but some more to power up and have also started to both convert SBD to steem and request payouts directly into Steem Power to grow my account even more!

I bought more Steem recently. I'm terrible at timing :(

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I hear you. I am buying on the way down myself. I buy, it drops...I buy it drops...

Rinse and repeat lol

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Stop buying, maybe it goes up then 😁.

make steem love not hash wars ;-)

Turnovers in various cryptos were not that high in past days so I am only a little worried not much. Could go up fast as well despite underlying steem(it) isssues.

Well if I could buy I would but i need the moolah. 😂 When I get some extra hopefully the price is still low otherwise better luck next time.

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