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RE: Steem, Steemit, Steemit Inc. ... Some Thoughts

in #steem5 years ago

I'm going to take this in sequence because I've been seeing this theme repeated by so many people that seem lost in this wishful thinking.

First off, you've made the erroneous statement that equates decentralization with viability. The issues were concealed while crypto currency values were high and confidence was high.

On that note; any incorporated company that could, in one year, go from profitable to a 2 million dollar per year deficit... there should be talk of criminal investigations, not talk of not inviting people to speak. Priorities.

Then, under the gorilla, you are misapplying the term "decentralized" again... this time is a far worse misappropriation. What you are describing as a solution has a proper term: "Ponzi scheme", and YES, that is VERY criminal.

Your idea of the DApps being "products" in that sense is ALSO incorrect. The apps themselves might be a "product" in terms of users, but in terms of revenue, more apps does nothing to fix the lack of revenue.

Whoever has been the "benevolent dictator" has made EVERY error to build the platform and keep it as a sustainable model. Instead of looking to revenue streams, decisions were made to preclude that option, instead of looking to way to reduce costs there was a high market and plenty of confidence and instead of looking to solutions as things were scaling up the decisions were put off. When the decisions were finally made, it was a punishment to the new users for the benefit of investors.

I'm sorry to anyone that has invested in the platform, it could have been magical until greed got in the way.

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I didn’t talk about viability, there is a difference between operating costs and debt as well. End of the day this is a startup and nobody knows if ever it will be viable.

The fact that it is also a decentralized environment doesn’t change that.

As for the criminal charges, you may be confusing a privately held company (Steemit Inc.) who need to respond only to themselves/their shareholders. AFAIK no Steemian has invested in Steemit Inc. I’m sorry if it seems that you totally do not understand decentralized platforms, or base layer blockchain in that aspect.

Next.

Your post shows that you were confusing the terms, I was assuming that you were making an honest mistake...

This response shows you are being disingenuous.

Alright then, thanks for the value you brought to the table. The value which shows you shouldn’t even be invited at the table because clearly you don’t understand internet startups or decentralized platforms.

Go launch your criminal investigation. 🤦‍♂️

Enjoy your day.

LMAO!!! Good job pretending to be smart. Hope that works out for you.

Most people use words to their definitions, but I won't stop someone from deluding themselves like you did if you get that offended at your errors being pointed out.

3252CE04-1551-4169-A39C-1D1EDB189718.jpeg

🤦‍♂️

Don’t worry, I will fight for your right to keep showing that the only place you belong is the irrelevance bucket. 🦇

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