RE: Exchange Transfer Report: 12/24/2017 to 12/30/2017
Very interesting information. That's a lot of massive withdrawals. I love Steemit, and I wanna see it be here forever, but I wonder if it's sustainable. Honestly, I don't really know enough about it on a technical/economic level, but I fear that when there's many millions of users here, and many, more people that have a lot of Steem by then, and they too are making those huge withdrawals, that it may not survive. It seems like there would have to be very large amounts of money being invested to keep it going.
I think I saw that Steem is an inflationary token, but the rate of inflation decreases over the years. Hopefully, the value of tokens would also increase.
I guess I need to read the white paper, and the other information that's available. This obviously had to be considered in development. I know that some very intelligent people developed this.
Thanks for posting this.
I share the same sentiment, although I may not have sufficient information to qualify the withdrawals as "excessive" or beyond sustainable. However, I just hope that Steemit lives on in the coming years.
I love Steemit, and just like a father to a child, I want to see it grow up and be successful (though I'm not yet a dad, please don't get me wrong. Lol).
I'm with you, I want Steemit to be the biggest, most popular social site on the Internet, and there's lots of great people here that I'm sure want the same. It seems to me that it's success depends on one very important unknown, how much will be invested in the long term, but I guess that's obvious.
I also am not qualified to say how it will work out, and I'm hoping that I just don't understand the system fully, and it's going to be fine. Honestly, until the other day, I didn't even understand how Steem tokens worked. I thought that there was a hard cap on them from the start, but I learned that they're inflationary, but they become deflationary over time. I guess if the site continues to become more popular, and I believe it will, people will continue to invest.
I'd love to see Steemit be more popular than Facebook, and DTube more popular than YouTube. Although, I know that would be years from now, if it did happen. I'm somewhat anti-establishment, and FB and YT's censoring, demonetizing content, and nearly tyrannical control doesn't sit very well with me. I see a lot of people that get suspended, and even banned, from Twitter and Facebook for such silly reasons.
Happy New Year
Bitcoin also has inflation with miners getting new coins every block. Steem just changes things up a bit by distributed those rewards differently.
That's true. I keep telling myself I'm going to read Steem's white paper, but I've yet to do so. I see there is an SMT white paper also, and that should be worth reading.
I think that is healthy to let go steem to the great world. The value of a crypto token is in its use. Hodling is speculative act waiting for more. When steem go to exchanges other investors eager to have it will buy steem and eventually this tokens will find a way home back here on steemit. New investors with already defined goals will join the platform an in my opinion this platform can benefit from this movement a lot.
Happy new year 2018! This will be year 1 a. s. (After Steem)!
You're probably right. I guess I just don't understand everything well enough. The prices of Steem, and SBD have been going strong, although they've come down a little the last few days. Steem is $2.68, and SBD is $6.94, as I type this, so there's obviously some interested people out there. As I'm sure you know, Steemit was pretty much stuck around $1.00 for a good while, so it's good to see the interest in it. I just want Steemit to keep going strong indefinitely. I have a little Bitcoin, and I'm considering investing some of it into Steem, and Powering Up, like I do with everything I earn on Steemit.
Yes, have a great 2018, and maybe we'll be whales by 2019. lol
Yeah, extra wealth could be handy, but for me the people and experience here count most! You can buy a car, but you can't buy friends and happiness.
Very true. I love Steemit, and I make very little money because I'm not really such a good writer, and I don't seem to come up with ideas for good posts. Most everything I've posted made nothing, or a very small amount. I did have one article that made like $41.00, but I'm fine with that. I enjoy being here.
My account is showing a value of only $248.00, but I've probably made 2/3's of that in the last three weeks or so. When I read something good I upvote it and leave a good, honest comment, instead of the "good post" that you see often. Sometimes I can tell the people didn't even read the article, just by the comment that they left. I guess they're just wanting the curation reward, and maybe an upvote for their, "good post." I appreciate the effort that people put into some of the great stuff on Steemit.
I'm gonna follow you. I haven't really met anyone on here, but I've never used Steemit Chat. I'd like to try to get to know some people.
I run across some amazing stuff on here, and I get a lot of pleasure reading it. I'm content with curating and commenting, at least until I come up with something I'd like to try to write about. I just don't want Steemit to ever disappear.
I've been off work since July over a medical problem, I've had one surgery, and I'm having a second one soon. Since I found Steemit I spend a huge part of every day on it. A lot of it is wishing my voting power would build back up lol
I've got a little Bitcoin, and I'm thinking about investing half of it into Steem and powering up. That would give me a pretty big boost in my votes.
Good Luck and enjoy Steemit!
You are realy devoted Steemian and also Crypter. (read comment of article: The Post-Futures State of Bitcoin for Crypter definition Also article is great and author @briggsy too.
I also follow you! Think you are a great man! Stay in touch!
p.s. Think you have really big heart mate!!!
Thank you, I'll have a look at that link.
Have a Happy New Year, and I'll hopefully 'see' you around Steemit for many yers to come.
u are a great Steamian and your comments are always high quality and welcomed :)
Well thank you very much. I love Steemit, and there are truly some very good writers, and great content here. There's something for everyone. I see many of your comments, and you're a great Stemmian also. Hopefully we'll be seeing each other around this great platform for many years to come. :-)
I saw your latest post, just some (18) hours ago, where you were excited that Steem had broken $5, and now it's already broken $6! This is incredible!
Steem on, and let's all enjoy a fabulous and properous 2018.
I'm also very excited with this new Blockchain technology. A great fan of Andreas Antonopolus the big mind behind Bitcoin and Blockchain. Find him on Youtube. It will be great to invite him here on Steemit. His articles will definitely rocks a lot.
Yes sir, AA is the man! EVERYONE should watch his, "Money as a System of Control" video. Every talk he gives is great. The guy is a wealth of information.
Some call him Bitcoin Jesus!
I think it's Roger Ver that they call "Bitcoin Jesus," but I think the title should go to Andreas. After all the stuff that happened with Bitcoin Cash like a month and a half ago, I don't trust Roger Ver quite as much as I used to.
Same to me!
The minute we pose the question is the minute the answer makes itself known. We just want to hear it in words as outer 'validation'.
Best regards for 2018!
Peace.