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He acquired nearly 1% back during the "sneaky mine" phase. You can understand why he wasn't willing to attack this coin the way he normally attacks pump and dump scams. That $millions bought his "I am not omniscient about the potential future not being a disaster" attitude. (assuming your $5m valuation of his SP is correct) Is that a meritocracy  You can see why he would have an incentive to not speak about how it will be a disaster for those who invest in SP now (requires a 2 year lock up cashed out over 104 weeks), while he is cashing out every week. Chaching. Fools please buy Steemit and give your money to smooth. My thoughts exactly, people buying steem are magicians they are turning fake monies into real monies, not to their advantage tho! |
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Is steem.it really profitable to Bloggers? From what i have seen so far, yes it is. Buying steem power tho could end up being a terrible idea, even more so if steem team has a fat steem stash that they could sell while you are left holding the bag with your steem power locked monies. |
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He acquired nearly 1% back during the "sneaky mine" phase. You can understand why he wasn't willing to attack this coin the way he normally attacks pump and dump scams. That $millions bought his "I am not omniscient about the potential future not being a disaster" attitude.
Wow! Do you think he would jump of a bridge for steems? No. He is balancing his rationality with his vested interest. He hasn't suddenly turned into a pumper of shitcoins. He has a valid point that we can't precisely know the plans Steemit Inc. has for morphing the future of this project. But I don't even see what the revenue plan could be I am hoping for some analysis from smooth on the possible revenue scheme that doesn't make the math so horrible as I showed. To me, steem sounds a little bit too good to be true. Ya know like Santa pay you a visit everyday kinda thing. I wish the steem god could make money rain tho. Why I am not investing in steem is because the whole thingy makes my money look cheap. Why would I invest my pay cheque into steem when i can make thousands by posting a photo of my dog or vacation? Good point! How can smooth feel there is any meritocracy in Altcoin land, when he can earn $millions just from mining a "sneaky mine" and no real work nor innovation was accomplished. Any way I am not communist, therefor I salute his gaming of the sneaking mine and earning himself $millions. Of course Steemit can't work out, because we can't give away for free what isn't free. Someone has to pay. If you invest into SP, you will be paying through your nose for Dan's pyramid scheme. So many people can create a clone of a blogging site. Hell I could do that within a couple of months with PHP and SQL. That doesn't justify $millions in profit. There is nothing that was invented that requires a block chain. Everything they are doing in Steemit could be done with a corporate database. After all, they will need to make an income model and it is being run as a corporation any way, with 80% of the tokens was originally held by the CEO of Steemit Inc at the launch. You are right, there will always be victims in this kinda free money scheme. How much do they own now u know? I was reading the update, sounds like the steem team welcoms with open arms FBI cooperation lol |
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He acquired nearly 1% back during the "sneaky mine" phase. You can understand why he wasn't willing to attack this coin the way he normally attacks pump and dump scams. That $millions bought his "I am not omniscient about the potential future not being a disaster" attitude.
Wow! Do you think he would jump of a bridge for steems? No. He is balancing his rationality with his vested interest. He hasn't suddenly turned into a pumper of shitcoins. He has a valid point that we can't precisely know the plans Steemit Inc. has for morphing the future of this project. But I don't even see what the revenue plan could be I am hoping for some analysis from smooth on the possible revenue scheme that doesn't make the math so horrible as I showed. To me, steem sounds a little bit too good to be true. Ya know like Santa pay you a visit everyday kinda thing. I wish the steem god could make money rain tho. Why I am not investing in steem is because the whole thingy makes my money look cheap. Why would I invest my pay cheque into steem when i can make thousands by posting a photo of my dog or vacation? |
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I ll tell you in a simple way why it does not protect you.
When you inject more steem into the system it makes your money worth less No it does not, and this is the source of your confusion. Let's use another example here. I have 10 coins, you have 10 coins. Now we create 20 coins out of thin air (100% inflation!) and give you 10 and me 10. Has anything changed here? No. As I said earlier, this is a stock split dynamic, and does not change anyone's purchasing power, despite that scary "Inflation!" word. Steem is a little bit more complicated than this, but not much. Until you understand how stock splits work and why the "inflation" created by stock splits is only an accounting adjustment and has no economic relevance, you will never understand Steem. What's the benefit of having multiple account's with Steemit and transferring Steem Power between accounts ? E.G. https://steemit.com/@smooth , @smooth-a, @smooth-b, @smooth-c, @smooth-d, @smooth-e, @smooth.witness? Smooth seems to have found a way to game the system Look at his balance https://steemit.com/@smooth/transfersHe already owns $ 5 Millions at today's market price. Insane. He acquired nearly 1% back during the "sneaky mine" phase. You can understand why he wasn't willing to attack this coin the way he normally attacks pump and dump scams. That $millions bought his "I am not omniscient about the potential future not being a disaster" attitude. Wow! Do you think he would jump of a bridge for steems? |
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I ll tell you in a simple way why it does not protect you.
When you inject more steem into the system it makes your money worth less No it does not, and this is the source of your confusion. Let's use another example here. I have 10 coins, you have 10 coins. Now we create 20 coins out of thin air (100% inflation!) and give you 10 and me 10. Has anything changed here? No. As I said earlier, this is a stock split dynamic, and does not change anyone's purchasing power, despite that scary "Inflation!" word. Steem is a little bit more complicated than this, but not much. Until you understand how stock splits work and why the "inflation" created by stock splits is only an accounting adjustment and has no economic relevance, you will never understand Steem. What's the benefit of having multiple account's with Steemit and transferring Steem Power between accounts ? E.G. https://steemit.com/@smooth , @smooth-a, @smooth-b, @smooth-c, @smooth-d, @smooth-e, @smooth.witness? Smooth seems to have found a way to game the system Look at his balance https://steemit.com/@smooth/transfersHe already owns $ 5 Millions at today's market price. Insane. |
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