First of all, I hope you had a great start into 2019, and here's my belated but still enthusiastic Happy New Year for you :-)
Honestly I wouldn't even have seen that memo without you, so thanks for directing our attention to it. I wonder how tiny an announcement can even get...
Some people say that Steemit, Inc selling off their stake may lead to a price drop on a short term but help us to gain more decentralization in the long term. Would you second that view, and could that be the other (positive) side of the coin?
Rebuying their tokens at 10 Cents could be fun for the middle class shareholders.
Happy Sunday, and again thanks for the research! Resteemed
And do what? A person would still have to spend hundreds of thousands of fiat money to actually do anything here. No one is going to over power the freedom account votes for the sham witness situation.
Then would someone want to put tens of thousands or hundereds of thousands into a blockchain with so many problems where everyone has pretty much lost hope and it keeps slipping down CoinMarketCap further and further?
Why not invest in coins in the top 10 that show promise and not deal with all the non communication and BS?
Well I can only speak as a content creator, time investor and socializer here. Other coins are simply not that attractive to someone who's built their brand and network on Steem over years. Yes, the performance is weak and we've lost many users, but those who attended Steemfest in Krákow know that the project is anything but dead.
Now having more Steem Power means having more influence within the Steem community, and that'd be my reason to buy more Steem at its bottom, even though I realize that you couldn't sell it like this to an investor :)
However, if more of us rebought Steemit Inc's stake and gained more influence within the network, we could direct the ship into a different and probably more promising direction. Is that naive?
When Dan Larimer left this project we were in a similar situation: many people started their power down since they thought this was the end. But it was not.
So I don't think it'd make much sense to do anything right now, since we don't know what's actually going on. Holding and constantly increasing one's stake through content creation is surely not a bad idea if you still believe in the silverlight - and I do :-)
Congrats on that monster car btw - Audi is my favorite brand of all :-)
Have a good Monday, Brian!
Thanks for the reply!
I don't want to sound overly negative but the attrition rate is terrible here for a reason. I'm one of the stubborn fools who have stuck around. There was so much potential for this to actually be something a lot greater but almost everyone can agree with me that hope has been lost here.
The witness voting situation has and always will be a sham and for a supposed content creation platform not one content creator in a first would country could really support themselves off this platform.
The need for additional revenue sources was obvious long ago but there is so much misdirection from Steemit INC it isn't even funny.
Things aren't good here at all and it isn't just about the price of STEEM.
The majority of people don't have the money to to make any sort of tangable impact on their influence here and even if they do put in $1000, or $5,000, or $10,000 then they are more likely to hog their vote in an attempt to recoup their investment.
It is just a game of don't get dumped on.
Well I don't think that you sound too negative, you're just pointing out some facts.
I'll be staying since the network still works for me and there are still many enthusiastic people pushing their developments forward. Also it looks as if Hivemind was just around the corner, and that could really bring some new opportunities for man different target groups.
Let's see what the future holds.
I'm going to buy at least 2,000,000 coins if price drops to 0.01$.
The time has come for some power redistribution on Steem.
Very interesting answer.
I was thinking the same thing.
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Looking forward to do exactly this!
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