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RE: WHY THE BEEF?? Just do what HAEJlN does!

in #abuse7 years ago (edited)

"750K+"

The retention rate for Steemit accounts is ~10% YOY. While there have been that many accounts opened, 90% of them are either defunct, or will soon be.

"Almost nothing. Small accounts can also abuse the reward pool with the same ROI, if they manage to go under the radar and not get flagged."

Only by recruiting whales to upvote them. The extant situation is exactly what @public.eye is warning will happen. It's already been happening, and @haejin is the only change that's been forced on the hegemonic financial control of rewards, making the whales share 5% of the rewards pool with a minnow.

"Without this website and content in it and with its 9% yearly inflation, Steem is a much worse asset compared to Bitcoin, which has 4+% annual inflation at the moment."

You consider only TA, rather than underlying technological issues. BTC is hamstrung by enormous fees, sluggish transfer and verification rates, compared to Steem, which currently is at .01% of network capacity, while outperforming BTC and ETH (which cryptokitties practically ground to a standstill) combined already in terms of daily transactions. It does this with zero fees, which you can compare to the up to 25% fee for making a transaction in BTC.

Steem is a vastly superior technology than BTC or ETH. Sooner or later, the market will learn this. Then it will be sorta like horse and buggy manufacturers faced with Henry Ford's Model A.

"That's some very good stats!"

Not so much from a financial standpoint, as @haejin has forced the whales to share 5% of the rewards pool with a minnow, through using their tactics against them. @marketingmonk, you, I, every minnow on the platform should follow his example of successfully forcing the democritization of Steem distribution on Steemit.

That would drive millions of eager new users to the platform, and drive the price of Steem to the moon, particularly as the interest in the token revealed it's superior technology.

Oddly enough, that would create a vastly improved ROI for the whales who have derived their stakes by flashmining (no longer allowed, now that the public has Steemit available to it) rather than by investing cash, by creating capital gains similar to what we saw for BTC last year.

It's hard for me to see @haejin as anything other than the greatest catalyst for Steem to grow that has appeared to date, including the potential of SMTs.

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@haejin has shown no care for the community at all. He has only upvoted anyone other than himself and his friend Juno maybe 1% of his voting power ever.

@haejin has withdrawn most of his liquid Steem (until recently maybe..we'll see when it continues). He is not investing in the platform, so he will never disrupt any whale on Steem/Steemit.

He does not care for his followers, only molds them as good little cult children.

And yes, there are bad whales, and questionable whales, and ok whales, and great whales. But they don't keep 95% for themselves. Even the worst Whales end up spreading around more than 5%. And the best whales (@fulltimegeek) spread around as much as 90%.

So for as much as you bring up a few valid points, you are just as biased as I am. Your distrust or jealousy or hatred or whatever it is for the whales is as bad or worse than my trust in them(which aint much either.).

Good luck with your theory that @haejin is the saviour of Steem.

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