Thanks for covering for me @Steemitblog

As many of my followers know, I have been under a fair bit of pressure time and energy-wise lately as I have taken a new job on top of my old job as well as a few other ongoing life things thrown into the mix. My average posting rate has definitely taken a hit of late and while I was a little worried there would be nothing to read on Steem but @steemitblog has taken it upon themselves to pick up the slack and start posting. Two in three days and a post from @ned and it is starting to look spammy.

Of course I am joking and It is good to see that there is some activity coming out of Steemit Inc after a fairly quiet holiday period followed by some of the typical FUD that surrounds anything they do. I think @ned is going to talk at the SOS on discord but I am unable to tune into that tonight but I recommend those that can to give it a listen. It starts in about an hour.

I am sure that there are going to be lots of questions aimed at the power down and the like but I still hold the view that it is up to them whether they actually address this publicly or not. In my opinion, while there are certain negatives to the community due to their silence, from a business perspective, publicly addressing it could cost the community much more.

There are various reasons to power down and one of them that I consider a possibility is them selling off some of their stake to an investor in the project, which could make things very interesting depending on who that investor might be. We all know that Steemit Inc is talented in some areas while lacking some others and perhaps they are looking at plugging the gaps through acquisition, merger or partnership. Hard to say really but I I still find it difficult to believe that after all of this time, this is where they want to sell their stake with the markets currently looking to make a turn.

What is happening now in the markets reminds me a lot of October and November 2017 with tokens getting large spikes and then dropping down to a not so low, low again. It was then followed by the massive bullrun that took nearly everything to all time highs. My complex strategy in trading at that time was to find the flattest coins to buy and then set a sell 50% up. It worked out pretty well. I ma not a trader though so I don't recommend people following my methodology.

@whatsup posted asking for some replies so I thought I would shill her post a little here also. The title, Are You An End-User That Wasn't Into Crypto Prior To Steem? likely gives you an idea as to what it is about.

I find it kind of interesting as I was not into crypto at all before Steem but here I am almost two years later writing on a blockchain platform and interacting with a crypto community with a lot of content that is related to the industry itself. This is amazing and scary, as it points to how young the industry is and how few people are actually qualified to talk about it from an experiential standpoint. I will give you a hint, very few. But, more and more are developing their skills each day.

Imagine back to when personal computing started and how few coders there were who could create for them, but now you can throw a rock and hit a programmer nine times from ten. I exaggerate of course, it is more like six out of ten. Blockchain and crypto is a infant industry but it is going to develop very fast when it starts to grow as there is such a strong base of potential developers and users already, they just need the paradigm shifting AHA! moment to kick in and that could happen through price, economic collapse and mass redundancies or, a killer app.

There are so many potential catalysts and likely, there are going to be many lightning strikes that ignite the crypto rockets. When it happens, it could be one of those hold on for the ride kinds of experiences that all want, but none are actually ready for. A trillion dollars into the top 50 and all of them could be are worth 20 billion each. Oh, 20 billion in Steem makes it about a 70 dollar coin from this point. A trillion is not that much in investment terms and of course, with 60 percent of the Steem locked up as stake and only 20% on exchanges, it is very easy to pump. Even if Steem Inc sells.

Anyway, these are some quick thoughts before I get off to bed as I have another early start and a long day ahead. Enjoy the forum if you join and take some time to answer @whatsup if you can.

Taraz
[ a Steem original ]