RE: Last nights Cryptocrash and some thoughts
I would agree with that and add that everyone that became a part of steemit, while steem and sbd were around $1-2 USD, are still doing great(unless they purchased more steem at a much higher price). Anyone that never inversted money into there account but still have made money from it are also still in a great position. Only those who purchased steem and sbd at higher price than the market currently reflects are taking a hit. I haven't invested any money into the platform, only time and content. I've been heavily thankful as well that I've made some addition income also. I plan on staying apart of this community for the long haul because I see tremendous potential in the blockchain. I'm not going anywhere and I don't think anyone else should either. In life we have periods where we do great, and other periods where we do bad. Just because we do bad doesn't mean we'll always do bad. Likewise with good as well. I think the current steem and sbd situation is a lot like this.
The ups and downs are part of like. If you dont have that, itll certainly feel dull. The current situation is a composite. Some people think its down because of the way people behave, some people think its up because of the price.
Which do you think is more likley to dominate steem's future? Either we have a bit of good content and a bunch of crap, and thats going to drive the value down, or the few content that is good, drives the value up.
I think good content will dominate steem's future because it's more beneficial for the platform. I don't think people that post bad content will stay very long because it wont be worth it to them. Why not just stay on fb or insta where they already have a friends and followers.
I think those who actually want to make great content will win over because they will receive a much larger benefit. Yeah, you can spam and post content, but will you continue to do so if there's nothing in it for you? I doubt it. On this platform, hard work pays off. If you aren't prepared to work, then you'll most likely receive nothing. Just my thoughts. I'm aware that I could be wrong.
i don't know about that. Most bad posters will post to make a few cents, but if you are from a 3rd world country, that few cents could mean a lot. At the end of the day, if there's even a penny to made, someone will find that penny useful unless we are all elevated to the dollar standard.
That's a really great point. I hadn't even thought about that. That would pose a serious issue on the platform. I'm glad you brought that up.