RE: SoS Daily News : news about the State of Steem @ 17 January 2019
Well, I care. Steemit Inc has the potential to wreck STEEM. They have that power. Businesses need to understand what Steemit Inc is up to as it could be a make-or-break a decision if they will use STEEM as their blockchain. Without communication, businesses are going to say no thank you and go somewhere else. Also, Steemit Inc’s complete lack of effort to get STEEM listed on exchanges negatively impacts businesses. I would hardly call SMTs a year behind and potentially to never get accomplished as “getting things done”. At this point, I don’t believe that they have the ability to deliver anything on time or have any confidence that they can get things done including something as simple as communication.
To further my point, I have a friend that wants to bring hundreds of thousands or over a million dollars worth of investment to STEEM. It is difficult to advise him that this is a wise choice as I am second guessing my own decision for making STEEM my home. Now there is some "Irony"
I think you have missed my point entirely.
What good is them showing up and talking every couple of days holding our hands if that impacts them actually completing things?!
Their track record has been terrible in regards to completing and delivering, but based on recent deliverables, there is hope they have turned a corner in this regard.
No one is a big fan of steemit,inc currently, including myself, but I would rather they spend their time and resources actually getting things done as opposed to holding people's hands. Announce the project/plan, give a timeline, then go get it done.
Simple enough. Just have to start following through now.
BTW that is categorically false that they haven't tried to get steem listed on any exchanges. They have gotten steem listed on several exchanges, including paying a hefty fee to do so.
Regarding your friend, hopefully he is able to do his own DD before putting that amount of money anywhere.
One thing for sure is that it will go somewhere.
Not many other coins out there where you can make roughly 30% on your investment per year like you can with Steem Power... and that is without the price of steem going up at all. That is a nice bonus most coins don't have.
The concern is if STEEM is actually a safe place to invest vs others. 30% is a reality (very true), but if value gets damaged or if users go elsewhere, then that 30%, 50%, or even a 100% RIO in STEEM will mean nothing. If someone that wanted to spend an equivilant of a nice dinner out on STEEM investment, then I would for sure tell them that it is the right thing to do. My friend though would really be pissed if he lost a significant amount.
"A safe place to invest"?! Good one... Probably shouldn't be putting money into crypto at all if one is looking for a "safe place to invest." Bitcoin probably has the best chance of anything at being around a few years from now and it is still a lotto ticket. This is cryptocurrency, it is all a gamble.
That being said, I get what you are trying to say here. The relative 'riskiness' of steem may be elevated compared to some other coins, and I would agree with that.