Steemit.com: Blogging is the new Mining

[DecentralizeEconomics]

Hey, no more self-moderated thread, now you can't delete my post:


I guess you'll probably lock this thread in the not too distant future and move on to the fourth or fifth thread for this, right? Gotta keep the information spread out and difficult to cobble together how you launched this "currency" I guess. Maybe you should try changing the name too, I hear that's a common tactic of worthless penny stocks and crypto snake oil to lure in more sucker...err...investors.

Yeah, that's the first thing I look for too in a Larimer thread.  "Is it moderated?"  I guess junior isn't as savvy as Pop Larimer when it comes to pulling the wool over peoples' eyes.

I love how the Larimer Gang launched their new scam.  It's hilarious.  First they attempted to dominate the mining and then when they didn't due to "technical difficulties", they invalidated all the previous miners' rewards and relaunched it so they could have a second try at it and they succeeded that time.  What type of a messed up joke is that?  To those of you who were around when the Larimer Gang first entered the crypto scene with Protoshares, you'll remember the Larimers did a similar trick then too.  I mined Protoshares from the first few blocks on the chain.  There were numerous complaints on the PTS/BTS forum about people having connection issues and having their miners getting booted off the network.  All the while, the Larimer Gang was happily mining away and denying that there were any issues.  To this day Stan Larimer (aka Daddy Larimer, aka The Ringleader) claims this isn't true, but anyone around back then knows it to be fact that the Larimer Gang and their Chinese Communist associates were mining the heck out of PTS.

Now, they have this Steem garbage, which is a blatant ripoff of Synereo.  The Larimers don't have an original idea in their body and can only poorly mimic others' creative concepts to hopefully scam a few suckers into giving them their money.  Just like they ripped off NXT's PoS algo and poorly implemented it as DPoS in Bitshares, they are now doing the exact same thing with Synereo.  Heck, they even chose a name that is very similar to Synereo, "Steem".  I'm sure they're hoping that people get confused, because they both start with a "S" and purchase their poorly implemented scam.

Pathetic how this project has been launched and relaunched, with like 4 ANNs to spread out the bullshit. BTS at an alltime low, funding is dried up, so they launch this shitcoin with false info shown in the ANN (no premine/instamine, really?) and dump on anyone who tries to buy it on exchanges.

Also how can anyone call a website/service decentralized which pays out from the stakes of the 80% instamine/premine?

Yeah, well the Larimer Gang and the Chicoms have cashed out of BTS on all the suckers and moved on to this new scheme.

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[lafona]

Watching the website evolve over the last few weeks has been really exciting. It is by far the easiest project I have ever tried to explain to non crypto peeps. I'm psyched to be a part of it.

[puppies]

The development so far has been very exciting.  If you don't want to link up your Facebook account you can pay for your account with my registration bot https://steemit.com/steemhelp/@dele-puppy/register-bot less than $3 at current prices. 

[Indemnified]

I have been involved with cryptocurrency since 2011. I was a very early contributor to such projects as Trezor and Armory. I attended the first London Bitcoin Conference in 2012 and I still have my original Bitcoin Magazine Issue 1 (May 2012) (now selling for $149).

steemit.io and steemit.com is the number one most exciting and most likely to go viral blockchain project that I have ever seen.

[pharesim]

I turned my back on most of the crypto scene months ago, because I don't like how it's all about short term profits for gamblers and deceivers on the back of those working hard to provide value.

Steem made me come back, and even start working on new projects utilizing it. There's never been a project with more potential to break out of our small sphere and make blockchain technology useful for everyone.
Rewarding contributors, the elimination of transaction fees, the community interaction of the team behind steemit - those are just three factors out of many which make me believe in the future of Steem.

The negative posts here just strengthen my opinion, this won't be gamed by those looking for short-term profits. It's a project that will change the world, and now is a great time to get involved shaping the future.

[icecube45]

I saw this in bitshares are you guys related to BTS?

[pharesim]

I saw this in bitshares are you guys related to BTS?

Steem could be called the step-brother of BTS. It is based on Graphene, which is the backend for BTS too. Dan/bytemaster is the lead dev of both.

[copychicken]

I turned my back on most of the crypto scene months ago, because I don't like how it's all about short term profits for gamblers and deceivers on the back of those working hard to provide value.

Steem made me come back, and even start working on new projects utilizing it. There's never been a project with more potential to break out of our small sphere and make blockchain technology useful for everyone.
Rewarding contributors, the elimination of transaction fees, the community interaction of the team behind steemit - those are just three factors out of many which make me believe in the future of Steem.

The negative posts here just strengthen my opinion, this won't be gamed by those looking for short-term profits. It's a project that will change the world, and now is a great time to get involved shaping the future.

There is a saying in my native language, and there must be one for sure, in other too...
It goes like... Haters make me more strong, or famous... something like that.

[Indemnified]

I saw this in bitshares are you guys related to BTS?

From the OP:

Steemit is a new social media platform built on the Steem blockchain where the community rewards individuals for their posts, comments and votes, co-founded by Ned Scott, CEO, and Daniel Larimer, CTO of Steemit and founder of Bitshares.

[wetroof]

Looks interesting. Incentivizing good content is always a plus.

How do you make money off of this though? You seem to just be handing out free money, with no opportunity for your own gains. I presume you control a large share of the currency that a boost in site popularity will give you cash through a value upswing, allowing you to slowly cash out over time?

Like ripple labs, steemit the company holds the majority of the crypto token. Unlike ripple, their holding is vested, and by the blockchain rules, vested steem ( steem power) has a vesting period of 1 year. Like ripple, steem requires accounts to be funded with minimum balance of the crypto token. If the user base increases, so does the scarcity of the token, increasing its value. In addition users are encouraged to acquire and  vest additional steem in their accounts, as this balance determines their voting power. Users that vest steem demonstrate a long term commitment and belief in the platform, and so naturally they should be rewarded more for their activity on the platform.

After July 4, users will be rewarded daily in a smart token, steem dollars. Steem dollars will be trade able for steem on the steem blockchain, and have no counter-party risk. The blockchain guarantees the steem dollars redeem-ability at $1 worth of steem. The white paper contains more information on how this works.

[copychicken]

The payout will be every week, not day.

[MRKLYE]

Verrrrry interesting.. Will be watching this closely.

[DaMut]

prices keep decreasing..step by step.
gonna see it where it goes

[vlom]

Hey, no more self-moderated thread, now you can't delete my post:


I guess you'll probably lock this thread in the not too distant future and move on to the fourth or fifth thread for this, right? Gotta keep the information spread out and difficult to cobble together how you launched this "currency" I guess. Maybe you should try changing the name too, I hear that's a common tactic of worthless penny stocks and crypto snake oil to lure in more sucker...err...investors.

Yeah, that's the first thing I look for too in a Larimer thread.  "Is it moderated?"  I guess junior isn't as savvy as Pop Larimer when it comes to pulling the wool over peoples' eyes.

I love how the Larimer Gang launched their new scam.  It's hilarious.  First they attempted to dominate the mining and then when they didn't due to "technical difficulties", they invalidated all the previous miners' rewards and relaunched it so they could have a second try at it and they succeeded that time.  What type of a messed up joke is that?  To those of you who were around when the Larimer Gang first entered the crypto scene with Protoshares, you'll remember the Larimers did a similar trick then too.  I mined Protoshares from the first few blocks on the chain.  There were numerous complaints on the PTS/BTS forum about people having connection issues and having their miners getting booted off the network.  All the while, the Larimer Gang was happily mining away and denying that there were any issues.  To this day Stan Larimer (aka Daddy Larimer, aka The Ringleader) claims this isn't true, but anyone around back then knows it to be fact that the Larimer Gang and their Chinese Communist associates were mining the heck out of PTS.

Now, they have this Steem garbage, which is a blatant ripoff of Synereo.  The Larimers don't have an original idea in their body and can only poorly mimic others' creative concepts to hopefully scam a few suckers into giving them their money.  Just like they ripped off NXT's PoS algo and poorly implemented it as DPoS in Bitshares, they are now doing the exact same thing with Synereo.  Heck, they even chose a name that is very similar to Synereo, "Steem".  I'm sure they're hoping that people get confused, because they both start with a "S" and purchase their poorly implemented scam.

Pathetic how this project has been launched and relaunched, with like 4 ANNs to spread out the bullshit. BTS at an alltime low, funding is dried up, so they launch this shitcoin with false info shown in the ANN (no premine/instamine, really?) and dump on anyone who tries to buy it on exchanges.

Also how can anyone call a website/service decentralized which pays out from the stakes of the 80% instamine/premine?

thanks for sharing this. i never saw the mentioned other topics about this project.

i almost made an account. but now i won't do it.

[kahir]

i don't agree with the topic of the previous thread"  [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)  "

the steem pow phase was instamined like nothing i ever saw in crypto .. im not being hateful or anything its the truth ... also the price the steem should decrease with time as the supply increase and the value of vests increase i think vests will be able to move around soon or be traded

[bytemaster]

i don't agree with the topic of the previous thread"  [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)  "

the steem pow phase was instamined like nothing i ever saw in crypto .. im not being hateful or anything its the truth ... also the price the steem should decrease with time as the supply increase and the value of vests increase i think vests will be able to move around soon or be traded

The only thing with respect to moving VESTS that has even been discussed is the ability to "merge" accounts, but not divide and transfer. There are complex edge cases that this exposes so it isn't a high priority at the moment.

[seedtrue]

i don't agree with the topic of the previous thread"  [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)  "

the steem pow phase was instamined like nothing i ever saw in crypto .. im not being hateful or anything its the truth ... also the price the steem should decrease with time as the supply increase and the value of vests increase i think vests will be able to move around soon or be traded

The only thing with respect to moving VESTS that has even been discussed is the ability to "merge" accounts, but not divide and transfer. There are complex edge cases that this exposes so it isn't a high priority at the moment.

I read about this in the code, but did not know how, or if it was implemented yet.

Code:

      /** allow transfer of vesting balance if the full balance is transferred to a new account
       *  This will allow combining of VESTS but not division of VESTS

It is a good idea though. I have tons of accounts that have a tiny amount of VESTS. It would be nice to be able to combine the STEEM Power into one.

[traumschiff]

This thread is full sheep shills saying that this project is what makes crypto great, while this project had the biggest premine/instamine in crypto history. How do you guys even look into the mirror while hyping this bullshit?

Doesn't matter what service the developers offer or create here. This is a scam until the OP clearly states "Don't buy the coin on exchanges, because the developers will dump on you from the millions of coins they hold and stake (80%+ of the supply). Get it ONLY for free from the website, from where it's centrally issued for content."

[testz]

This thread is full sheep shills saying that this project is what makes crypto great, while this project had the biggest premine/instamine in crypto history. How do you guys even look into the mirror while hyping this bullshit?

Doesn't matter what service the developers offer or create here. This is a scam until the OP clearly states "Don't buy the coin on exchanges, because the developers will dump on you from the millions of coins they hold and stake (80%+ of the supply). Get it ONLY for free from the website, from where it's centrally issued for content."

Do you remember Ripple?
One of the rule in crypto world - don't want? - don't buy.

[traumschiff]

This thread is full sheep shills saying that this project is what makes crypto great, while this project had the biggest premine/instamine in crypto history. How do you guys even look into the mirror while hyping this bullshit?

Doesn't matter what service the developers offer or create here. This is a scam until the OP clearly states "Don't buy the coin on exchanges, because the developers will dump on you from the millions of coins they hold and stake (80%+ of the supply). Get it ONLY for free from the website, from where it's centrally issued for content."

Do you remember Ripple?
One of the rule in crypto world - don't want? - don't buy.

Everyone knew Ripple was centralized, they could even freeze accounts. This project wants to seem decentralized, while it's clearly just a money bag for the developers.

Oh, they gave you a few dollars on their website so you can shut up and hype this scam? You are very cheap bro.

Short POW? Check
Relaunched because their miners crashed? Check
Used shady tactics so they can most of the supply? Check
Coins staking now? Check
4th ANN to burry the past? Check

Literally never seen a more shady project in my 2+ years on this forum that has been tried to put up as legit by some sheeps from BTS and people who are happy from a few free dollars. Sorry if you are bothered by people pointing out these things, you might want to migrate to an official steem forum.