RE: Sad, but not yet defeated.

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RE: Sad, but not yet defeated.

dreemsteem in #hardfork • 6 years ago

Well that's a great question. and I am so glad that you asked it because I want to answer!!!!

When steem was valued higher - I was earning maybe $5 a post? but steem was worth $6

What does that mean? It means that my post was not even worth 1 steem

Now - let's take yesterday's post. It was valued at $6 so far. somewhere around there. I earned ALMOST THE SAME value as 2 years ago - $6 - but the steem equivalent is about 14??? 14 steem! for the same USD value because steem was not as valuable.

stay with me... lol

so - when I was earning when steem was higher - WHAT SHOULD I HAVE DONE??

I should have TAKEN the money OUT. because it was high. The pressure when steem is high is to POWER DOWN AND CASH OUT.

why???

BECAUSE I HELD IT over the next 2 years, and i lost the MAJORITY of value there!

when it was high - I did not sell. I kept it - so that I could hope that it increased in value over the long term.

when it is low - NO ONE WANTS TO SELL. they want to keep hodling!

When steem increases... you really think the investors that we are so concerned about aren't gonna start selling as soon as they make a profit????

If we only look at steem as a currency -then people will always want to powerdown and sell.

but if we look at steem as an investment (which i do) then we encourage them to hodl... cuz we assume that better times are coming.

bottom line?

when 2017 had the high numbers? I would have been wise to SELL and repurchase more steem when it was low.

Instead - I held it. and it sank sank sank. and i lost all the value of it

Steem at a higher value puts significant pressure on people to sell. They don't want to lose money by waiting to see what it will do. Most will take the money and run.

so what we need to do - is not worry about pushing the value of steem up at the risk of hurting the platform.

we need to fix the platform and trust THAT will drive the price of steem.

If people feel that this is a place WORTH holding the steem. they won't sell it at the drop of a hat, they'll wait until it soars like bitcoin and then EVERYONE will rush in.

and... steem's government is not a democracy. a democracy shows that everyone has a say. and we really don't.

this is a republic. where we give our vote to (top witnesses) people who represent us. and right now - they are not representing the people's voices

last point... For all the people that are hearing this proposal for the first time (and there are so many that its actually sad....) the majority say THIS as their first response: " then i guess i better start autovoting bigger accounts."

does that sound like people are going to start actively reading? or does that sound like they will be looking for ANY way to recover their losses.

i do not have high hopes for this proposal.

6 years ago in #hardfork by dreemsteem

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c0ff33a 6 years ago

What I really love about your post, and the extensive comments it has evoked in just a few hours is the ENGAGEMENT- I love to see when people are really passionate about the Steem Blockchain and make the effort to join a big debate - which this is - everyone should and needs to have their say - your voice can only be heard if you use it.

I totally agree, because I have been through the exact same situation - the value of my Stake in Steem climbed massively in December 2017 - and held my stake and kept growing it because I do still believe we will seem the value of Steem climb above the highs we previously saw.

But then like all crypto’s it dropped, and I invested more because the price was low. Then it went lower and I went bugger. Then it started climbing so I invested again because it was on the up, and then it went lower again and I went damn someone hates me. Rinse repeat for the last year - but I keep investing and not powering down because I believe in the Steem Blockchain and what it can achieve - if we all work together.

I accept your point that if the value of Steem rises people will sell out - but right now when the value is low I see accounts powering down left right and centre and transferring funds out - it’s contributing to the low Steem value and at best I suppose they could justify it as pre-hardfork jitters but I think they just want to put everything into Bitcoin because that’s suddenly climbing.

For HF21 to occur we need 15 of the top 20 Witnesses to approve it - I would like to think they all take on out active Steemians feelings even if they do not openly respond to them. But Steem has evolved far beyond just blogging, the Blockchain is building gaming platforms, SMT’s will add value to any online content and the potential of the video content is constantly growing as users become tired of existing services.

I think Hard Fork 21 has had enough open advertisement, if people say they do not know about it then they probably rely too much on auto voters instead of engaging with the content on the platform. If they then say they will just autovote bigger accounts that also entirely misses the point - enhanced curation will reward voters on content that is voted on because of the quality of the content - not how much steem power the poster has.

This Hard Fork has obviously brought the Steem community together verbally, and I would like to think we will see much more engaged debate on the subject. I would also like my good friend @crisangel to make a comment on this because I know Steem Blockchain has had a big influencer on his life and still does.

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shadowspub 6 years ago

For HF21 to occur we need 15 of the top 20 Witnesses to approve it - I would like to think they all take on out active Steemians feelings even if they do not openly respond to them. But Steem has evolved far beyond just blogging, the Blockchain is building gaming platforms, SMT’s will add value to any online content and the potential of the video content is constantly growing as users become tired of existing services.

Here is part of the problem and you did it in this post. People equate content and authors with blogging. It is more than blogging. Those videos are content and they too will be hit by the cut in rewards along with the people who create content on the platforms like DSound. For that matter people who write comments are creating content. So many of the D'Apps like for example Actifit and Cleanplanet depend on content to distribute rewards to their participants. Content is vital. When content creators feel undervalued they pull away.

We're seeing that here just in this post. The number of people who are starting or are doing power downs. And that is without the change being made yet.

As for SMTs adding value to content. Yes they will and what do they need for infrastructure? OH people holding Steem. We need people to stay and to hold Steem. If some need to take Steem to survive on, so be it. Seeing people who would otherwise hold and support the platform taking Steem out. That needs to make you stop and think twice.

Many would at least hold off if the EIP was removed from this HF so we can see how the economic changes to support the SPS pan out. Then do what Steemit Inc suggested in the first place, discuss the EIP for a future HF.

Going to remind you.

Once upon a time we had a 50/50 split on this platform. We also had a super linear reward curve. There was a LOT of inequity between the haves and the have nots. So there was a push to change the economics. Instead of either changing the reward curve or changing the split, both were changed. We have no idea which change created which result.

So here we are, once again changing both split and reward curve. On top of that at the same time taking even more to fund a needed project on the platform. Too many changes and we once again will not know which outcome was caused by which change.

Will we ever learn?

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c0ff33a 6 years ago

I agree wholeheartedly, but also we have to look how we learn. If at first you don’t succeed try and try again. Just because what we have right now is ok at best - is that a good reason to ignore other options. For sure we could be worse off then better - but in reality HF22 could just reset us back to where we are now in worst case.

Better to have love and lost, then never love at all.

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shadowspub 6 years ago

when we don't succeed and try again --- in the same ass backwards way while expecting a different outcome... seems that is the very definition of insanity.

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dreemsteem 6 years ago

you and me both @c0ff33a!!!! LOL

whenever I would buy - the next 3 days it would drop SIGNIFICANTLY! @bluefinstudios began saying "Leah, when you buy - would you please warn us all???" LOLOLOL

I agree - "if we all work together"

but are we all? It doesn't feel like it.

I wont say I'll miss you... because i can still see you in discord! hahahahaha

but it will be different. life is change. i really don't like when doors close.

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c0ff33a 6 years ago

You won’t miss me, nobody is going to miss a stumpy bearded Brit with the personality of a squashed apricot.

But I know you spent an awesome weekend with amazing Steemians just a week ago at @enginewitty #blockparty - something that would never have happened without the Steem Blockchain bringing you all together.

And @steemitblog have just posted that FCAS has just updated Steem Blockchain to A - that’s some serious recognition.

So often in life I have had to compromise and do things I did not want to do “just because”.
The funny thing is every time I did - it actually worked out far better then I ever thought it would.

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dreemsteem 6 years ago

I'm still going to the meetup next year and gonna beg Witty if I can be on his planning committee hehehe

So there! You can get rid of me on Steemit but you can't get rid of.me on discord lol

And...I stuck around after HF20....It did not get better and it was much worse than j expected 😂😂😂😂

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c0ff33a 6 years ago

I’m actually shocked - @enginewitty has a planning committee? I thought he made everything up while he was night fishing!

Well you already know my best friend @saffisara will make sure I only do the best for everyone - and I am sure we will all be in touch long into the future one way or another.

But what you have to appreciate is how much engagement you can create with just one post - so many comments and replies - the Steem community love you @dreemsteem and value your words - that is something nobody can take from you.

Anyway it’s getting dark in the UK so I’m going to lie in my back and watch out for fireflies

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dreemsteem 6 years ago

You just honestly brought tears to my eyes.

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c0ff33a 6 years ago

After ten days touring coffee plantations in Brazil with a very small case I have been bringing more then tears to anyone within sniffing distance of me!

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dreemsteem 6 years ago

Hahahhahahahahahaha!!!!!!

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enginewitty 6 years ago

I do get a lot of good ideas while fishing😋

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