Bullish again tonight?
What you think about it? let me know in the comments.
7 years ago in #steemit by elyaque (70)
$10.36
- Past Payouts $10.36, 0.00 TRX
- - Author $8.59, 0.00 TRX
- - Curators $1.78, 0.00 TRX
I am not very good at predicting what will happen in the short term, but long term I think that the future is bright :)
The future in the long term is bright for sure, love you article "Updated thoughts on 'the whale experiment'"
The experiment was the reason I start to invest again and be more active here on Steemit...
Very cool!
I think it will stabilize around 20 cents, then slowly go down in price in the coming weeks.
Thanks, for your opinion.
Nope, it's all hype on this half-step semi-no-whale-vote thing. It gives the illusion that things are "fixed", when they aren't. But yes, things are better. But, it's only hype that's driving the price based on people thinking they have more power while the whales can still come in and decide that some content shouldn't get rewarded as high as it is, or at all. Centralization is still here, but it's being masked over. The price will go back down because this bump was only hype, not a real fix.
Hmmm interesting. So I thought this Whale experiment will be implemented in HF17, is that not so? I like it like it is now, made me invest in Steem again, and the retention of users will be less I guess.... So enlighten me please about this, thanks :)
It's not part of any hardfork, just some behavior changes.
Hello friend,in the world of the cryptocurrency, everything can happen...
Thats true :)
I do not expect it to rise more no. Not at this time, though I've been wrong a hundred times before. If anything I think we will churn here for a long time or go back down a bit more.
Guess we will see it tomorrow, of course i like to see it up, if not and it goes down a bit , time to buy more :)
See you tomorrow, i am gonna sleep now...
Sleep well!
Didn't pan out.
Increased user activity and engagement is very bullish though. There is now real value to owning Steem Power, certainly compared to before.
But I'm still very concerned about the unwillingness to adopt a standard open source licence. I hope we don't just forget about that and it comes back to bite us in the ass a few years down the line O.O
...adopt a standard open source licence... that's new to me, what it means?
Steem has a proprietary licence. It includes the following clause:
All the other top cryptocurrencies maintain a standard open source licence, while Steem retains this non-standard one which leaves a serious ambiguity over the legality of forks (which are vital for witnesses and stakeholders to genuinely be the governing force in Steem).
https://steemit.com/steemit/@neoxian/i-discovered-something-unpleasant-today-steem-s-license
https://steemit.com/steem/@demotruk/petition-to-demand-steem-be-made-open-source
https://steemit.com/steemit/@walden/dantheman-last-deleted-post-making-steem-really-open-source
I am not an expert in this, but can it be changed easily? What have to be done? What could be the consequences if they don't change it? I just read a comment from @sneak:
Thanks for the page, I am happy to comment. :)
[Note: I am not a lawyer.]
The things you attribute to Linux and Bitcoin are also valid with Steem. No approval is required from Steemit to fork the repo, or to convince the legitimate witnesses to run your update.
The clause in the license is to ensure that any future development work is run on this blockchain, as defined by the witnesses (not Steemit Inc), so that the STEEM currency that we all hold is the beneficiary of changes. It's protection against confusing clones/altcoins, not forks. Any changes that the witnesses run is the valid chain and we have no say in that (other than as any other holder of stake).
As a staunch open source person myself, I too was initially surprised when I saw that nonstandard license, but it makes sense in a weird way. The opportunity to make changes to this code comes with the caveat that your subsequent improvements must benefit the specific community (STEEM holders) that provided that opportunity in the first place, which is why it needs to run on this chain. I see it much like the AGPL in that sense.
Steemit Inc can change the licence for sure.
If it is not changed, there will be a permanent uncertainty over whether witnesses can effectively oppose a fork when Steemit Inc supports it. This will be especially important after the stake has been diluted a few years down the line. Every company which intends to build on top of the Steem blockchain will be burdened with the need to hire lawyers to evaluate the implications of a non standard licence. We also artificially suppress competition, which could build upon the Steem code, innovate further and keep Steem on it's toes, forcing it to provide more value than competitors while retaining the network effect advantage of being the first mover. We run the risk of Steem becoming stagnant and permanently divided by politics if we cannot have this kind of competition, along with freedom to fork.
As we have seen a little mania the consolidation will take some time. So I don't believe in a quick continuation of the rallye.
I'm just going to stick to my guns and look to the future regardless of what the price does. Emotions are high right now though.
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Economics 101, Steem price went up as people took some profits or just sold. Powerdowns spiked again as people hoped to sell, now the price will consolidate and probably trickle down for a while.