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RE: (5 SBD giveaway) Question : how would you kill STEEM ?

in #teamaustralia6 years ago

I guess crypto bear market is affecting everyone and everyone is saying cryptos are failing... this has happened before and will happen again...

IMO STEEM is almost at a "to big to fail" phase, we already got ppl making this their work, living out of STEEM, we already have plenty of dev coming in, etc... I don't think facebook buying a lot of STEEM and dumping it at the market would make any sort of impact, yes the price might lower, but the place won't go down because of it, people would just see STEEM at a low price and put more fiat into, making facebook lose millions in the way, imagine if STEEM was at 10 bucks 1 day and the next day it was at 1 buck, what would you do? Because I would totally buy it! Facebook would lose money... a lot of money... trying to do that, and also, sooner or later regulation will happen, and dumping a lot of shares on the market can be considered price manipulation and someone could get arrested...

The only for STEEM to end in my opinion is for a new better blockchain to show up, and even then i don't know, we have steemians with 3 years of STEEM experience on board... ONO- has KYC which many people don't like, Steemit 2.0 is still no where to be seen and no one knows anything about it, and the other blockchains trying to go for social networks are to small for someone to even hear about them...

Oh and another thing, facebook? Steem is already youtube, twitch, facebook and 9gag at the same time... facebook has got nothing on us, if they actually tried to attack us it would be bad press for them, and good press for us, in the end people would see facebook attacking a competitor and think "if facebook is scared of this, let's go check it out!", which would bring millions of people in just because finnaly the content would be monetized!

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also, sooner or later regulation will happen, and dumping a lot of shares on the market can be considered price manipulation and someone could get arrested...

This is a really good point , right now though it is a wild wild west

I don't know if it is wild wild west though... when coinbase put bcash people called for inside trading and there was a search for inside trading, some bitconnect people got arrested... tether already had some authorities searching to see if each tether was backed or not... I don't know if it is THAT much of a wild wild west

This bear market is really really good to shake out weak hands and all the scams...

Bitconnect went the MLM route....it was too glaring to ignore.

Also Tether /Bcash investigations were "internal experts" and "private third parties" , I would not put much trust in the outcome of them , not that SEC is doing their job in a proper way.

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