Epic DASH bull run perplexes poloniex trollbox traders and dumbfounds ethereum newbies
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about SteemPower locking period:
more like 3 months, 13 weeks to be exact.
it was 2 years and 160% inflation rate until it changed in December 2016 to what it currently is, steem power was free magic money until hardfork 16 changed it, was supposed to be 2 years and they changed it after 6 months
if I recall correctly, that was 2 years and 100% inflation rate.. but it doesn't matter. I just wanted point out for your viewers, that right now SteemPower locking period is 13 weeks, no 6 months like you said in video ;)
what i said in the video is my 2 years steem power contract ended up only lasting 6 months
ok. My bad.
the inflation rate would have been 100% if it lasted 2 years, but the first 6 months was 160%.. an amazing amount of free steem
Am I the only one that thinks Dash withdrawal fees on most cryptocurrency exchanges are too way expensive?
https://steemit.com/cryptocurrency/@nexuscrypto/am-i-the-only-one-that-thinks-dash-withdrawal-fees-on-most-cryptocurrency-exchanges-are-too-way-expensive
OMG! $71!
Made it all the way to $74
https://www.poloniex.com/exchange#usdt_dash
$81 - cool!
what's happening?!
Nothing much, I'm just over here having a heart attack...
Be happy :)
Good move out of b&rst1ng
Dash Bags are Happy Bags and Evolution is coming in December wow! What a time to be alive. My 1st Dash was buy under a dollar😝
Traders don't want any altcoins to compete with bitcoin, they just want to pump them to get more bitcoins but when an altcoins is showing strong resistance they start to worry which is why they trash dash in the troll box.
This is also why speculators ignore steem, because steem is one of those cryptos that have a real chance to overtake bitcoin, pumping it would be too risky for them.
steem has to go to less than a penny to solve the issue of steem whales, lower the price is better the distribution
It would solve the issue only temporarily, as soon as the price is back up we will have the exact same problem. It's not a long term viable solution to solve power concentration imo.
Also I don't know if you paid attention but a lot of whale have started to buy back the steem they sold a few months ago, whales will only get more powerful if the price goes to 1 cent.
the price wont go back up until the problem is solved by more disturbution
My point was that you don't solve the distribution issue by reducing the price, because the day it comes back up you will have the exact same problem.
no, the problem will not exist because the steem coins are limited, so them being more widely distributed because the price is 100 satoshi solves the problem, and then the price can start going back up again
wut?
And everyone who bought before the price went up would now be the new early adopters/whales, so when the rest of the world catch on with steem we will have the exact same problem we have now.
10,000 whales is better than 100 whales, it works