RAM Speculation: It's Not For Us
In the EOS ecosystem, financial opportunities are growing each day. Developers are discovering the EOS world and are seeking the help of Block Producers to make their ideas a reality. Those applications will lay the foundation for the expansion of the EOS Blockchain out into the rest of the world. This is a long-term opportunity for our whole community.
...Is Better Then Short-Term Gain.
Some Block Producers have bought RAM for speculative purposes. This might be a way to gain a bit more wealth. At the same time it is short-sighted, as that approach makes it more difficult financially for Developers to join the EOS Community. Especially developers who come up short in the area of financial resources. There will be some amazing ideas that will come from folks who do not have very much money or who come from countries that might be considered poor.
Outside of the Blockchain world there are some great examples where folks with very little money have created some amazing things because they had a great idea, some determination and were given a chance. Take a look back at Steve Jobs. His initial investment in Apple mostly came from the $1,500, which he got from selling his VW bus; Steve Wozniak threw in the $250 he made from selling his prized programmable calculator. A more recent example comes from 24 year old Kenyan, Anthony Mutua. Anthony invented Shoes that recharge batteries. The energy created by the movements of the body can recharge your mobile phone.
An Idea -- Determination -- Opportunity.
If we only look to our own short-term gains, we miss out, the EOS community will miss out and the world will miss out.
We at eos sw/eden will never use our BP rewards to buy and speculate on RAM. Our desire is to attract all types of developers to build applications on EOS and make the world a better place. We encourage our fellow Block Producers to do the same.