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RE: Incompetence == Decentralization
If you believe in a community that is bonded to a cryptocurrency it takes very little risk for possibly huge payoffs. $55 buys one millionth of all Steem in existence at this moment.
The problem most people have is that they are always trying to min/max and extract maximum value, then they get upset when their massively overextended position blows up in their own face. The trick is to throw down exactly as much as you believe in the product.
Put the money in front of you on the table and light it on fire. Did you cry? Then you risked too much.
In that case, I have bought about 1/100,000th of all steem atm! And in the 18 months I've been floating around, I've seen other projects vanish, blow up (in a bad way) or turn back in to hobbies that doesn't listen to any feedback from its community.
Yet I see steem, still going, still with a core of witnesses coming together along with loads of development of dapps and now a new model of curation. It's here for the long haul I feel and I am too. Seems a lot of measures are being put in place for scalability.
I've bought as much as I'd like to now and we will see how it goes. The rest of my money is going towards other "more stable" long term investments (real estate)
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