@Ned Shows How Fragile This Platform Really Is
If you haven't read this debacle where @dan posts his progress on EOS and @ned "Downvoted for aggrandizement." Go ahead and read it now. @ned proceeded to upvote his own three word post for around $7000 USD. Obviously, this caused some light outrage throughout the community.
This kind of public childish petulance really shows our leadership's true colors. @ned has access to millions of dollars and he cries about the loss of one programmer. What the actual fuck? There is an entire community here. Stop delegating millions of SP to shitty people who just upvote themselves, and hire some programmers. Oh wait, apparently you're one of those people that just upvotes themselves, fuck it.
This is a great time to point out that Steemit is Proof-of-Stake, not Proof-of-Brain. The Proof-of-Brain theory is a lie based on a flimsy honor system. Steemit is way ahead of the curve so far. We are the only social media crypto out there.
Think about it. Say you own a warehouse full of GPUs and you're farming Ethereum (whale). A minnow with a PC mining Ethereum comes along and tells you to stop "upvoting" yourself, they deserve some of the hard earned money that you mined. LOL yeah right, but this is exactly what is happening on Steemit right now.
Until Steemit moves from a proof-of-stake system to a proof-of-trust system this is going to continue to happen. I've written a lot about what I would do if I was in charge, but I'm not so all I can do now is try to make programs that make the blockchain better to gain some credit.
So far, Steemit is way ahead of the curve, but if leadership continues to fumble along we will eventually get blown out of the water.
I have no problem with Steem losing to another platform. I will use the best thing out there are right now that's Steem. If something better comes along I will sell my Steem to the die-hard supporters and establish myself somewhere else.
The problem with that is that there's a significant risk of loss in that process. There's a lot of value in the follower networks that have been built on Steem, and in the infrastructure (eSteem, dTube, Steepshot, etc) built around it. The best case scenario is effectively a fork rather than an entirely new system, so that the content, community, and as much of the infrastructure as possible can be preserved while weeding out as much of the toxicity as possible.
That's a good point. Personally, I don't have a stake in any of those platforms so I can easily sell my Steem and let my followers know where to find me.
As for the fork, if I heard right he is looking at EOS as a platform. So a fork wouldn't be on the table if that is accurate.
Exactly.
Fragility was exactly what i felt about it. That's like a trump tweet when something is true that he doesn't like. What happens next is everything for steem in my opinion. Good decisions, grows a community into something great. Bad ones, we're all on another blockchain by new years.
who ever knows what's really up though. let's see what's next. maybe @ned wakes the fuck up after this. we ain't gonna "beat" EOS based in pure code. It would be the community.
You have here that Dan upvoted himself for $7000, but that was Ned.
lol damn it
they are both three letter names with an 'n' and a 'd'. Same difference lol.
Thanks! I'm very concerned about Steemit's centralized power over the network, particularly given the underhanded way it was obtained. If they don't handle the situation with some maturity and protect their investment we'll all suffer from it.
I think the core problem with Steem is that the distribution is largely centralized under the control of people who lack the economic understanding and foresight to recognize its true potential, and they're treating it like a ponzi scheme, which is what it will become if the rest of us are unable to keep them in check (https://steemit.com/fight4steem/@troglodactyl/is-steem-a-ponzi-scheme-repost-payout-declined).
For example, the change from the original 104 week vesting schedule to the current 12 week one was made specifically to appeal to a broader group of "investors" - meaning investors who are looking for a quick return now rather than long term growth.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Edicted from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
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STOPwill look that word up, CHEERS!
As a new user it really seems to me that there is no way to grow big. The Whales all have bots or are ubvoting their buddies. Its very hard to grow unless you use the upvote bots for a tiny profit and even then the bigger people here make more profit than you. Also the abuse of people spamming posts and getting lie 500$ looks really bad to new commers.
I surely be on it
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STOPThis is exactly why I keep telling my grandma to go all in on Dogecoin with her pension. You don't always know people's motives, but a smiling dog never lies.