RE: The winners and losers of living in a decentralized community

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RE: The winners and losers of living in a decentralized community

tarazkp in OCD • 6 years ago

Agreed. Even if it wasn't that costly to mine, there was still a lot of risk and many of those miners have been among the most active voters/ participants for 4 years, many of which has been positive. However, most people don't actually know who the miners were, but I have talked openly and also face to face with several of them for years - which makes a difference.

People hear "mining" and associate it with the Stinc mine, which has been a monster waiting in the corner. Most do not recognize how much they and the platform have benefited from the other mined Steem. Fork or no fork, this shouldn't be a Salem witch hunt and creep the scope of what is necessary.

People talk about "starting again" with even stake on a fork and while I understand the sentiment, many of those haven't done the work that others have to be part of this community or to earn/buy the stake they have - me being one of those who has put in consistently. I wouldn't support a fork that forked 3+ years of my (or other people's) very hard work out as if it was meaningless and cost me nothing.

Interesting times.

6 years ago in OCD by tarazkp

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tombstone 6 years ago

It was costly (in the thousands). But yeah, especially costly relative to the high risks that existed due to a huge amount of uncertainty. People had no idea if the token would have value, whether it would get onto an exchange, or even precisely what the project was. To some extent it was blind faith in Dan.

And I agree the "start again" idea makes no sense. How many people in this community would go along with the idea of wiping out all of the history and prior effort? And why haven't they already tried it? Seems like they didn't need this crisis to take a whack at something like that. To me it just sounds like blind greed. People want to use an opportunity improve their position at the expense of others, without really understanding the consequences.

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tarazkp 6 years ago

I think that there are some people who haven't noticed the distribution that has come through the miners, you through curie, Phare through his trails, BT all over the place, Bue like Phare, Smooth with so much ... Many benefited, most had no idea. Even Ngc has been a major distributor over the years.

Part of the early problem I see, was that Ned gave his keys to the wrong people to vote with, and they lined their own pockets and then used that to continue doing so for years on end.

There are plenty of authors who have worked their ass off to be where they are today and don't want to have the future destroyed. People will protect themselves - others will try and get what they couldn't get earlier. I am yet to benefit financially from one STEEM yet... let's see if I ever will.

Part of the investment game is accepting the risk of a zero outcome.

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