RE: 3+ Year Circle Jerk Anniversary 🥳
I agree with pretty much everything you write about in your blog.
I have done my fair share in trying to explain to @exyle he is way to emotionally invested and to @taskmaster4450 he is way to positive about all of the new features being added to the Steem blockchain.
Other blockchains don't have working (d)apps, other blockchains don't have the community we have here on Steem. Hence Steem is amazing and way undervalued. Price will very likely go up!
I understand where they are coming from, but they picture Steem as if this project could fail but is still very likely to succeed.
I'm not that optimistic. Though this is certainly a possibility, I don't think this is very likely to happen.
Powering up to the max and taking pride in never powering down is a clear sign to me this is not good advice.
What are you holding yourself these days? Any change in your portfolio?
I can understand how a lot of these guys really want to focus on the positives and then they become so deeply invested in it that the majority of what they do revolves around promoting it and putting a positive spin on everything.
The premise that they are buying in when everyone is shaking their head no in general can be right. I mean everyone thought I was an idiot when I was pounding the order books last December just about every day. That already played out a couple of months later and I have been sitting in the money on the majority of that. Unfortunately STEEM seemed to be the wrong project to be doing that strategy on.
It is a tough pill to swallow because this ecosystem is pretty awesome with all the apps like eSteem and Partiko and people like Splinterlands and other games. So from first glance it would for sure seem like all this was undervalued but the initial distribution, the governance system, and the incentives here have been so messed up that it causes it to go into a death spiral.
I'm mainly holding the same stuff. Heavy in EOS, Litecoin, Monero, Tron, Ethereum, Bitcoin, ZCash, Nano and I have other positions in a lot of other stuff. I haven't really made a ton of trades or anything. Just kept buying and stacking more.
What it looks like is that Steem doesn't want to focus on rewarding quality content anymore. @exyle has made clear it is about building your account and then earning from it. That makes sense to a certain extent, but I don't see the broader audience being interested in that really.
It's not even about content anymore, it's now about building (d)apps, which brings Steem in competition with EOS. Why is Steem trying to be EOS? Why would you try to compete with EOS even? Try to focus on content, no? Like SteemHunt is doing. I do like the SteemHunt project the most, certainly!
I need to look in to Nano then! I don't know anything about that project.
I never understood why Tron is up so high up the list on CMC though, in your opinion what does Tron add that EOS or ETH doesn't? Isn't it like a mix of both in a way?
I agree with you that the larger audience isn't interesting on pumping a ton of money into STEEM to get enough STEEM to then talk about what you are going to talk about to pay yourself based on the STEEM you bought.
To most people the carrot of YouTube is much more enticing partially because people have gotten rich being YouTube creators and they can legitimately get famous on that platform. There are only a few stories from early STEEM where a couple people were rewarded extra ordinary money here for a brief period of time and then it relied on them powering down and getting the money out at the right time otherwise the new found wealth vanished into thin air.
There is no apparent path to success to content creators immediately but then when a person gets on here they see that people are getting the most support just talking about how great the platform is so they start doing that which oftentimes doesn't make sense to people looking from the outside in.
There has been little to no content put on STEEM that has any value on the larger Internet. For instance the stuff on DTube wouldn't be able to go viral or anything because the people getting rewarded were mainly just talking about how great STEEM and DTube are.
It is a good question of why there was this focus on competing with EOS and I think it was mainly something Ned decided with SMTs because he was mad Dan was gone. Unfortunately he couldn't execute and we still don't have SMTs.
Nano is interesting for sure but the main attraction to me was there is no inflation and no miners that have to sell coins to pay for electricity. Same with IOTA. They are both what are called DAGs. I just think if the right marketing is done with something like NANO that it will pump hard in the next boom. It is hard to say though.
It kind of seemed like we were going to get some relief from the crypto winter and in some respects we did with Bitcoin, Litecoin and a few others but now it is a big waiting game still on a lot of stuff.
Well Tron is a lot faster than Ethereum. It has 3 second blocks like STEEM but has the ability to do smart contracts where as Ethereum is 15 second blocks which is really too slow for real world applications.
EOS is superior with 0.5s block times. Tron is a legitimate project and the reason I'm mainly invested in it is because of the marketing and I always want a China play. My main China plays are NEO and Tron. People always want to root for their home town team so that is why I have them primarily. The one negative is that Tron has Justin Sun as CEO and he just makes stuff up half the time. It is almost like in China it is respectable to be sneaky and sort of lie about stuff though. I know that sounds bad but I have heard that from several different first hand accounts of people who have done business over there and that seems to be the way Justin operates. Taking all that away TRON does have a working smart contract platform.
Absolutely.
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Confirmed once again! Hahhaha
Thanks for the reply!
I need to look in to Tron and Nano then. I researched DAGs a bit but never enough. I saw IOTA pop up there some years ago and got scared when they announced their proposal didn't even have blockchain anymore. Glad I didn't FOMO in at the time as it crashed hard quickly after that.
I am still looking into EOS the most. My account name is 'The Monetary Few' after all and I do love the way a platform like EOS uses inflation to run the network so it can have zero transaction costs. That's just brilliant in my opinion.
Projects like Eva.coop, Emanate, Prospectors, Infiniverse, Blankos, Everipedia... and of course Voice look really promising to me!
The recent development with LiquidApps are pretty amazing too!
Certainly Eva.coop and Emanate I do like a lot as they aim to introduce two tokens, one stable coin and one for investors. THAT makes a lot of sense to me. And I have to give it to Facebook for getting that part right with Libra.