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$100+ million market cap.
Do you mean those 124 BTC support rofl.. |
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I am not complaining I am just saying that Dan & Ned are getting desperate to keep their scam going by putting a sign BUY right in front of people's face.
I see the opposite... I see you geting desperate to keep your trolling and FUDing going, by putting your low quality scamy FUDy, trolly "signs" in front of people's face in the front page of Altcoin discussion, all the time. If there is anything in OP that you disagree with I'm all ears |
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They have added a BUY STEEM POWER button on the front page.
That link was added like three months ago. shortly (maybe a week?) after the web site went live. Except in a very narrow sense it wasn't "added" and certainly not recently. Your post is trolling nonsense. I usually try not to debate with steemllionaire because it's obvious that they will try everything to defend this sinking ship. But for the sake of it check out these videos uploaded a few days ago https://www.youtube.com/watch?v=pHmluyz1Zx4 at 02:15 min https://www.youtube.com/watch?v=fup00gxSJFA at 00:15 min Where is that "buy steem power" button ? I thought it was added like 3 months ago lol You must be too busy screening for boobs to have missed that! So, you are complaining because they created another shortcut to the front page? really? Maybe they should remove the shortcut from the menu too, would this make you happy troll? I am not complaining I am just saying that Dan & Ned are getting desperate to keep their scam going by putting a sign BUY right in front of people's face. |
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They have added a BUY STEEM POWER button on the front page.
That link was added like three months ago. shortly (maybe a week?) after the web site went live. Except in a very narrow sense it wasn't "added" and certainly not recently. Your post is trolling nonsense. I usually try not to debate with steemllionaire because it's obvious that they will try everything to defend this sinking ship. But for the sake of it check out these videos uploaded a few days ago https://www.youtube.com/watch?v=pHmluyz1Zx4 at 02:15 min https://www.youtube.com/watch?v=fup00gxSJFA at 00:15 min Where is that "buy steem power" button ? I thought it was added like 3 months ago lol You must be too busy screening for boobs to have missed that! |
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As long as you remain factual and don't repeat the nonsense about the forward stock splits being a loss of value, then I will support your factual posts such as this one.
The concept of stock splits make sense for a real share in a company but for a currency it's nonsense. Incorrect. Everyone who owns a unit of STEEM or SP, gets x times more units. If the price drops by x, then everyone has the same value they had before the forward split. Come on man, this is elementary school math. Give me one example of a currency that gets reverse splitted? This shit doesn't work in real life |
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As long as you remain factual and don't repeat the nonsense about the forward stock splits being a loss of value, then I will support your factual posts such as this one.
The concept of stock splits make sense for a real share in a company but for a currency it's nonsense. |
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They have added a BUY STEEM POWER button on the front page. What they don't tell you though is that under 5000$ worth of SP your upvote is worth less than a penny. ( essentially nothing) Also they don't tell you that blocktrade is taking a massive cut for every transaction. Have a look at the power distribution here https://steemd.com/distributionBasically 0.47% of the users owns 90% of steem power Note: This number doesn't even include Dan & Ned's account @steemit which is about 80% of the whole steem supply. I went to check some of the thread over there yesterday and the circlejerk is so strong that they actually repeat false information. The Steemit people are the same sheeple we have in our society. You know those who watch mainstream propaganda, then they go out and repeat the lie as fact, the lie then gets spread among everyone and eventually becomes the perceived reality. The lie here being that steem power gives you interest and that steem power give the average person some power within the community. I always thought that people in the crypto space had a superior IQ , but I was wrong. Crypto users are throwing their wage into this thing thinking they will get rich and powerful, sad really... |
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i'm not saying it's not a ponzi, but why wouldnt they power down?? who wouldnt??
they have more than enough to keep using the platform, they will take 1/104 per week so it's just a parcel.... and the fact they are powering down it good to the community.. so what's the problem? they should keep the money there forever?
Usually when people believe in a currency they buy it they don't sell it. The fact that 90% of the whales want to cash out send a very clear signal to potential investors. Why is everyone acting in the platform's best interest ( ie powering up) but the whales? Because the whales have so much money that they are in the greed phase already while the other people are still in the "let's make steem a success" ( for their own personal gain ofc) phase. The bad news is that the numbers of greedy users is growing by the day ( I don't blame them btw) which means a decreasing steem price which in turns means more powering down. Steem power is what holds this thing together, the more people powering down the quicker it will be break down. The people who will be left holding the bag are the one late to the party the smart ones on top are cashing out while the fools are buying. |
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Steem Power is inflationary, if there is less or even stagnant demand for steem then SP holders will lose money.
Really you destroy your credibility when you write incorrect shit that has already been explained in the other thread you started. The maximum debasement of SP is ~6.7% yearly, but typically it is 0% or even a positive gain. The price does not need to rise. You don't understand the math. The 50% yearly debasement is on the STEEM holders, not the STEEM POWER (SP) holders. That does disincentivize medium-term investment demand though. The price of steem needs to go up or the system won't work, no one would want to lock their money for 2 years if it's devalued overtime.
From the moment of power down, it is a 1 year weighted average price to cash out, because some is cashed out every week. Please stop the 2 years lie. You again are not mathematical. That does disincentivize medium-term investment demand though. I'll appreciate your criticism more when you become less subjective and more objective based on careful research and analysis. 0% ? iamnotback make it rain, make it rain. I guess Santa must be paying a visit to those content creators more often that I thought. And yes it might be 1 year weighted average but my point is that the money is sitting there doing nothing. |
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I think you didn't read the second part of my posting: Even if you don't agree with me, there are many things more important than the "powering down" of the Steem whales. Steem will succeed if the developers decide to make it fully open source and change that infamous "no forking" license to MIT or GPL. If you have fear of clones, then very probably you have something to hide. It would be also important to make Steem a website-agnostic system, by providing "buttons" for every website that wants to use it as a monetization model. I don't think you understand the power of compound interest. When I started the other thread 10 days ago the @steemit account balance had 56 000 000 steem now 10 days later the balance is 61 000 000 steem. They have earned 6 000 000 steem or approximately 14 Millions dollar in 10 days eventhough they were powering down all the time. But Steem is not a stable token. The Steem unit will be continously trending down, with the exception of very bullish periods. The measure you must take into account is: Individual Steem Power / Total Steem Power.I don't question the point of view that Steem had an relatively unfair launch. But you could say the same of about 90% of all other altcoins. I'm still observing it. For me, the Steem Power concept is a very interesting model, very similar to what I've proposed in 2013 as " Proof of Confidence". But if the developers decide to mantain it basically centralized, it will fail, that's out of question. Steem Power is inflationary, if there is less or even stagnant demand for steem then SP holders will lose money. The price of steem needs to go up or the system won't work, no one would want to lock their money for 2 years if it's devalued overtime. To me the Steem Power concept is not very interesting for a simple reason that a huge amount of money is locked doing nothing, this is very stupid. Imagine all the real wealth you could create with all this money. Instead they prefer to create fake illusion of wealth. |
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It is actually good that the Steem whales are powering down. They give away a bit of their influence to get monetary rewards for their work. So the whole ecosystem becomes more sustainable. Even if you don't agree with me, there are many things more important than the "powering down" of the Steem whales. Steem will succeed if the developers decide to make it fully open source and change that infamous "no forking" license to MIT or GPL. If you have fear of clones, then very probably you have something to hide. It would be also important to make Steem a website-agnostic system, by providing "buttons" for every website that wants to use it as a monetization model. I don't think you understand the power of compound interest. When I started the other thread 10 days ago the @steemit account balance had 56 000 000 steem now 10 days later the balance is 61 000 000 steem. They have earned 6 000 000 steem or approximately 14 Millions dollar in 10 days eventhough they were powering down all the time. Their influence is not being diluted, it is being concentrated even more. |
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Im sure if you investigate inside the actual blockchain you will find some interesting info.
Why don't you do that and come back with your findings-- I don't really care about the exact details. I know that they are cashing out huge amount of money every week and that's all i need to know. They also try to cover their shadowy proceedings by removing transaction history on the site but anyone can go have a closer look if they want to. It is clear from https://steemit.com/@steemit/transfers that they have sent money to @steem. This account should be showing the received transaction like every other account but it is not, the history is blank. |
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dan and ned acc are on standby probably because of the heat recently. However their largest wallet which is cashing out 2 Million every week is running full steem https://steemit.com/@steemit/transfersI see: 2 weeks ago Transfer 150000.000 STEEM to blocktrades 2 weeks ago Transfer 50000.000 STEEM to steem 2 weeks ago Transfer 200000.000 STEEM to steemit1 3 weeks ago Transfer 100000.000 STEEM to steemit1 3 weeks ago Transfer 200000.000 STEEM to steemit1 3 weeks ago Transfer 10000.000 STEEM to steem 3 weeks ago Transfer 5000.000 STEEM to steem 3 weeks ago Transfer 200000.000 STEEM to steemit1 4 weeks ago Transfer 100000.000 STEEM to steemit1 4 weeks ago Transfer 100000.000 STEEM to steemit1 1 month ago Transfer 10000.000 STEEM to steem 1 month ago Transfer 100000.000 STEEM to steemit1 1 month ago Transfer 100000.000 STEEM to steemit1 1 month ago Transfer 100000.000 STEEM to steemit1 etc... But the @steem and @steemit1 accounts show no history of transfers nor significant balances. Where did those millions go? Why is @blocktrades transferring STEEM to so many different users? https://steemlt.com/@blocktrades/transfersAs you know steemit.com is controlled by dan , he can publish and censor whatever the fuck he wants on the site. Im sure if you investigate inside the actual blockchain you will find some interesting info. Blocktrades has a deal with steemit.com and the cut they take for every deposit is outrageous. They use the blocktrades account like a business acc which is why every user is linked. |
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dan and ned acc are on standby probably because of the heat recently. However their largest wallet which is cashing out 2 Million every week is running full steem https://steemit.com/@steemit/transferswang is possibly using his bots to make money in shady ways stellabelle is not on the list, she's not millionaire yet The list of millionaires as well as number of people powering down is growing by the day eventhough steem cap is declining. When many users wake up to this realization and start panic power down the price will decline by 50% every week and a month later everyone's million dollar will look like a tenner. RIP SPH |
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Below is the list of steem biggest whales, 29 out of 33 are powering down. That's about 90% .These are the same whales that tells you how great Steem Power is.
New investors are basically paying so that the whales on top can cash out. If this is not a ponzi scheme I'm not sure what it is...
@blocktrades with an amount of 2,024,391.744 STEEM for an estimated value of $7,668,771.83
@berniesanders with an amount of 1,690,869.983 STEEM for an estimated value of $6,031,336.46
@smooth with an amount of 1,575,017.773 STEEM for an estimated value of $5,682,762.70
@dantheman with an amount of 1,443,188.643 STEEM for an estimated value of $5,148,515.41
@tombstone with an amount of 1,002,641.160 STEEM for an estimated value of $3,578,513.60
@itsascam with an amount of 844,873.517 STEEM for an estimated value of $3,013,663.84
@rainman with an amount of 839,308.717 STEEM for an estimated value of $2,993,896.93
@steemed with an amount of 808,403.101 STEEM for an estimated value of $2,912,230.93
@summon with an amount of 724,710.331 STEEM for an esimated value of $2,585,543.40
@blackjack with an amount of 540,112.555 STEEM for an estimated value of $1,926,581.49
@cloop1 with an amount of 455,341.776 STEEM for an estimated value of $1,636,017.14
@steempty with an amount of 367,453.379 STEEM for an estimated value of $1,310,706.44
@firstclass with an amount of 356,639.439 STEEM for an estimated value of $1,272,132.88
@wang with an amount of 355,287.476 STEEM for an estimated value of $1,267,339.50
@skywalker with an amount of 341,364.074 STEEM for an estimated value of $1,217,645.65
@fuzzyvest with an amount of 336,257.229 STEEM for an estimated value of $1,199,435.78
@steemit200 with an amount of 325,906.972 STEEM for an estimated value of $1,162,510.17
@riverhead with an amount of 304,257.643 STEEM for an estimated value of $1,085,287.08
@complexring with an amount of 297,722.931 STEEM for an estimated value of $1,101,390.12
@enki with an amount of 290,934.424 STEEM for an estimated value of $1,052,188.86
@roadscape with an amount of 288,996.718 STEEM for an estimated value of $1,033,813.00
@wackou with an amount of 287,130.906 STEEM for an estimated value of $1,027,982.54
@freedom with an amount of 285,694.076 STEEM for an estimated value of $1,019,070.77
@xeldal with an amount of 285,530.131 STEEM for an estimated value of $1,018,594.55
@nextgencrypto with an amount of 275,231.802 STEEM for an estimated value of $996,020.63
@clayop with an amount of 259,788.179 STEEM for an estimated value of $927,630.23
@kushed with an amount of 259,505.109 STEEM for an estimated value of $925,655.03
@proskynneo with an amount of 246,799.338 for an estimated value of $880,360.03
@witness.svk with an amount of 245,572.702 STEEM for an estimated value of $876,031.03
@smooth.witness with an amount of 237,124.259 STEEM for an estimated value of $846,119.92
@analisa with an amount of 234,128.467 STEEM for an estimated value of $835,136.24
@au1nethyb1 with an amount of 232,278.234 STEEM for an estimated value of $828,536.46
@arsahk with an amount of 227,840.711 STEEM for an estimated value of $812,707.82
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I earned about $1400 steem on steemit, but half of it has gone into steem power and it will take me two years to unlock it. If i choose to power down now.
Its used as a fee for running the network, so always has to be topped up, i know why too, because they are holding it for everyones payouts at your expense, in two years will they even have any funds to pay you?
I still dont fully understand where all the money comes from when people upvote your posts.
Because of high inflation rate this sytem is very dependant on steem buy support, when people realize that steem power is not inflation proof and gives you very very very little infuence in the system unless you are a millionnaire, the whole thing will collapse |
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Influence tokens which earn more power by holding long term.
The more you hold the more you influence post rewards and earn for accurate voting.
If you have an account on stemmit this is what your board says about your steem power I read on one article that you can also earn from voting articles that became popular on steemit networks
What voting power are you talking about? The whales own 95% of all steems, founders alone more than 80% https://bitcointalk.org/index.php?topic=1558366.0To give someone 10 cents on a thread you need to invest $50 000, what kind of people even have this money? This system is completely rigged it's basically the same system as fiat where the rich get richer. |
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iamnotback, before investing your time in this, have you considered the possibility that the devs's ultimate goal is to enrich themselves instead of making steem a success?
To me everything points to the former, closing registration + extending payout time in a last ditch effort to retain value of the hyper-inflated currency + no change to the flawed voting algo cuz it will lower their power
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