RE: Coming Out of the Closet. I am ...
Mate, I'm sending you an electric generator and 1,000 cans of beans!
It's pretty bad when $1.00 looks like Nirvana, isn't it?
It's not just Bitcoin's collapse that's causing our pain, though. STEEM/Steemit has an underlying economy. It has the ability to, at least partially, insulate itself from the vagaries of Bitcoin's ups and downs. But all the Whale/Witness orchestrated vote-buying and vote-rigging (bid-bots, multiple-account-self-upvoting, etc.) prevents the critical "curation dynamics" (self-reinforcing feedback loops) from occurring. "Quality content" is no more valuable that utter crap and so the Central Premise of the blockchain ... died.
We did this to ourselves.
How low will the price have to go before Whales/Witnesses decide some common-sense reforms have to be adopted. My guess is that they'll take it to zero. Make no mistake: The crypto-anarcho ideology that pervades the world of cryptocurrencies is every bit as delusional and destructive as the one that has ruined Venezuela ... what SHOULD BE one of the wealthiest countries on the planet.
Once ANY philosophy becomes a religion ... requiring faith, not facts ... it's all over but the crying.
Quill (Satoshi)
That's a very inconvenient and sad truth. That's what we call in spanish "apostar a perdedor" (betting on the losing team). In this case, it looks like the big players are driving the bus towards the cliff, remote (re-bot?).
@hlezama,
I'd be willing to bet that that expression derives from the world of South American soccer. One would be hard-pressed to name a human endeavor in which belief is more divorced from supporting evidence.
"WE'RE THE BEST!!!"
"You've haven't won one game in the last 100."
"We're going to kick their asses!!!"
I guess there's a few ideologies we just have to forgive. :-)
Quill (Satoshi)
Haha. I guess the argentinian fans have a lot to say about that. They are redefining hooliganism. We have to come up with a term for them, maybe "riverbocanism"