RE: The FOMO (Fear of missing out) and why you shouldn't care when holding STEEM
I appreciate that you are shilling for all the right reasons but anyone who has been closely following the Steem mess (Steemess?) recently would tell you that Steem is pretty much centralized. It is a bickering battle between whales to prove who's morally superior and a squeezing/bleeding to the last drop of the platform from minnows.
I completely agree that crypto is in a bubble but that includes Steem. This place is in a constant struggle between producing good content vs making money. As far as I can tell right now, making money is winning. There's still some good guys out there but their voices are only as loud as their wallet balance.
Oh, and marketcap is a misleading indicator, Dogecoin has a higher marketcap not because it is better or has higher value. There's just 400 times the amount of dogecoins comparing to steem.
Haha yeah I’ve been looking at some of the whale fights lately...It’s an insightful window into what happens when people suddenly wield enormous power, and the ugliness it reveals in the human soul.
I was out of the loop for about 5 months, so I just read about "bellyrub" and "haejin" yesterday. Mind blowing. So much conspiracy surrounding those whales.
Thanks for your comment. But keep in mind that STEEM is not only Steemit, there is a whole ecosystem evolving around it! But you are right, Steemit itself is in need of a lot of work.
I just hope it gets sorted out before corruption in Steemit poisons the rest of the ecosystem.