Ned Doubles Down
Did you think 34M was bad? Welp! Now it's the full 42M! LOL.
This is obviously a very predicatable action considering what's been going on.
@netuoso I'm disappointed in you. Pricing crypto in a dollar amount? Fiat lover! :D
This action by @ned made me randomly think of this little number:
And also "no" to the things you asked for. Haha.
I wish @ned would sing this one to us. Fitting.
Still bullish
I am still giving zero fucks over all this.
Either we have what it takes to kick ass and chew bubble gum, or not.
Nothing to see here, get back to work.
Why we are not ready for a fork.
It's really quite simple: our reputation system sucks. We trust people based on how much money they have. Once this changes we'll know who deserves stake and who doesn't. I've explained how I eventually might go about determining reputation in another way, but there is really no way to tell how effective that will be until such systems are actually deployed an tested in a real world environment.
Once we have a system to determine trust, it won't matter how well ned has hidden his stake. Those accounts will either have trust, or they won't, and they aren't going to because they won't be able to trick an intelligent system of decentralized reputation.
Doing nothing is still the best option. wait(365)
I still maintain that all this fork talk is rooted in greed and not community.
I agree with this at this point.
Imagine the drama we would've heard through all year if Steemit instead of selling in installments each month would've dumped the majority at the top.
People forget that Steem has distributed over $50m over the years to users and continues to do so daily. Yet weirdly many of those who received most of it are barely around anymore or left way earlier. People will be people, they'll always find something to complain about.
Notice what happened when Steem Power downed the full stake....Price ripped upwards 6 straight days lol. This is a good thing, and if it isn't clear yet it is to the market.
That's the ugly truth.
I have only one thing to say:
Not me.
I already do. People who buy it or earn it.
I have one that has served me well most of my life. I don't need an algorithm to tell me who to trust or believe, I put faith in my instincts and what I observe. Not foolproof, but nothing is. It's the same with this talk of building communities. I already have one, they are on my follow list. While it's possible that I may not be in their communities, those such as yourself are stuck in mine, lol.
I can't blame Ned, and now we have the rumors of Samsung buying Steemit. I will plod on regardless, and if true, great. If not, great. I wouldn't be surprised though with the timing of the rumors to be an attempt to get prices pumped for a dump of...pulling a figure out of my hat here...42 million Steem maybe.
Haha.
Exactly! That's great! This is exactly what I'm trying to tap into.
The reputation system I'm talking about needs to scale up using the personal opinions of the community.
If you trust me and I trust new users that you don't know about, an app can be developed that let's you expand your trust network without you having to interact with every single person on the platform.
When Steem was $8 the price was unreal and nothing to show for it. Now Koreans are pumping the price again with no real reason, besides another well organised dump (I wander by who?). The next purge is right around the corner. Poor minnows. Steem is centralised from day 1.
This is not FUD, just facts.
<3
I'm still keeping myself from commenting too much no the topic, because I'm still getting new info almost every hour, BUT, I had to stop by to say how much I loved that video :')
Ha, yeah, it's a good'n
I’m glad Ned is showing his cards. It gets him and all of his fake accounts stake out of here. Good riddance! Decentralized democratic systems will work better for the platform, where witnesses actually discuss options and weigh them amongst each other rather than a failing company dangling a carrot in front of the masses (SMT’s, what a joke!). They have no plans of doing SMT’s, they just want to do busy work to make people believe in them all while they sell thousands of coins a week.
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My understanding of the end game of moving the stake from the @steemit account is to spread it amongst other accounts, which will prevent it being forked away through making it untracable, while keeping the full weight of the stake securely in @ned's iron grasp.
Either that or Samsung is the new owner of Stinc. Not sure Samsung is going to be very democratic if they're running the show.
Interesting, I didn’t think of that! Preventing a loss of his money is certainly in his sole interest. I just heard of this Samsung deal, where was that discussed? Curious so I can take a look.
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lol
Samsung buying it huh? First I’ve heard of it. Interesting, but I hope that decentralization will continue, though it hasn’t been great thus far it’s better than elsewhere.
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Secret Steem Committee Chat Dumps (rehosted):
https://mega.nz/#!lldHVKBJ!OCTGSltvSKvLMBTPdXbKFJMfMAVyhh6kHZ_SHnG0FsM
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STOPTo support your work, I also upvoted your post!