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RE: "Hardfork Successful" -> "Hardfork Complete"...Yep
Yep. What company would feel safe having millions vested here and having this happen. Then they're told "don't worry, your funds are safe!" Ummm... except for the thousands of dollars in revenue that were lost by 1) downtime 2)resetting VP to 20%. It's a joke.
That's the obvious reason that a complete power down needs 13 weeks...it's like a prison
Serious investors would have moved their funds asap after this mess (at least those who would also be active in Steemit too and not only steem)...and one more reason serious investors won't power up...meaning steem's price will need way more than we think to climb high...
Just saying...
It takes every ounce of self-control for me to be rational on this, because I essentially lost six figures by believing in STEEM and not powering down in December. Whales lost MUCH more. Prison, for sure: though one of our own accepting, and it does provide the useful safeguard against people dumping STEEM when things like just happened occur.
I can imagine....
Reduction of that 13 week period would be a huge step to steem's success if you ask me. Because lot's of steem holders are also Steemit users... There are cases that you feel that you just don't have control over your funds...
You've hit one of two nails on the head as to why I've not invested into Steemit. The other is that it's not exactly easy to directly invest into, having to buy bitcoin, dogecoin, lightcoin or dash first then invest that coin into Steem is another. Looks exceptionally shady to not be able to directly invest.
Shadier still not being able to withdraw my investments earned quickly.
Even shadier still with the development being shite like that. A crash a week prior, then the HF20 fork screwing things up further, it's a trainwreck. It's why I'm going to automate my posting after today. Setting up all the automation now.
ahh dude.. it's not just STEEM it's bitcoin in general. Just being "fair"
still waiting.
Yeah, I would have lost it in any crypto. And I was being stubborn to sell like "Why should I hold it in USD? I don't believe in fiat!" but I didn't realized how dominated I was by emotion on that. Because I could have bought back 5 to 10x what I had in crypto.
same when I bought gold back in 2009. Fiat games are the standard. Just have some insurance in both crypto, gold/silver/metals, and even CASH. If Japan can do it for 20+ years, the USA can do it as well. I have written numerous 0.20 cents articles on steemit about if I cannot go int a grocery store and pay with crypto.. then it's strictly insurance/speculation/asset whatever. Sure it could go up +++ but that's the speculation part.. and I ALWAYS have to cash into local fiat currency to eat.