Over the time I bought quite a bit of Steem.
In my time hear, I made decisions driven by greed, the need to change the world, hope, stupidity and many other things.
This shows in the times, I had everything delegated to other users, tried to post 2 times a day or was sitting in the corner cursing.
Now, I would call myself a veteran in the steem-world.
The rise of dapps we have seen in the last couples of months, was new to me, too. Well...it was new to everyone.
I don t want to go into too much detail because I think this deserves a post of its own, but I feel screwed by some of those dapps.
The headline asks what is your biggest fear as a Steem inverstor.
Mine is we got screwed too often.
I think with delegations we have a strong tool for startups.
We can support them with our Steempower. But also we control them with our Steempower.
If you invested into a "tradional" ICO, you are often stuck with their decisions, as long as the token is not listed, then of course you can just sell if you dont agree.
With delegations however, you are always free to withdraw/undelegate.
The problem is you just using the reward pool to fund the project but still, it gives the investors a lot of security.
Not happy how the projects develops?
Not enough updates?
The project decides to have kind of a coin split without splitting early investors coins?
It gives the investors much more of a voice as you are not funding the project once but it is an ongoing funding, so it is in their best intrest to not fuck their investors over.
As mentioned for the project this can be bad if they have to make unpopular decisions but is it not similar in the stock market?
Communication, what and why you do x and not z because really important and as an investor I like that.
Well...I got a bit carried away from my actual topic but I feel this is shitty post is too long already and I can write here what I want anyway so....not changing anything.
Enjoy your weekend and cu on the other side