Absolutely stunning post @stan. This is the type of content I wish to see more of on Steemit.
Though I am of agreeance that Proof-Of-Work is sub-par in comaparison to the new model of Proof-Of-Stake model, it was matter of evolution. Bitcoin gets a pass as the genesis of the Blockchain and POW was absolutely necessary for getting off the ground, not to mention the only workable model when Satoshi modeled it.
It is still shocking to me that all of this has conspired in just 9 years after the release of the Bitcoin Whitepaper, and as, yes, there is alot of enrgy wastage in Bitcoin POW model, it will run out eventually, but in return, we have ushered in a revolutionary technology. For that I believe the cost is well deserved.
I absolutely love your 3d representation of a coins value and you are absolutely dead on the money.
I am tall by nature (1.91m) and people ask me all the time if I play basketball, for the singular metric that I am tall! By virtue of my heright I must be great at basketball. Nobody asked me if I have practiced tossing a ball accurately into a hoop 10,000 times to be any good at it.
The answer is no.
In another scenario, yesterday, a good friend of mine asked me if I was certain the price of Steem will increase in due time.
My answer was, I have yet to educate myself on whether or not that would be the case. Perplexed, he asked how I could be so invested in the Steemit platform if I wasn't sure if the price of Steem would increase?
My point was that I was on Steemit because of it's utility and almost nothing to do with it's price.
This is the first I've heard from you, but I am certain I'll be around for more.
Thank you for the great post and God Speed Brethren.
Would be nice to see Steem and Bitshares get a little love!
This is one seriously good answer, humble, to the point, a tribute to the development of Bitcoin as well as Bitshares, Steem, and so on...
Great job again! Namaste :)
Thank you brethren! Always good to see you making the rounds!
I am already working on my next big piece ;)
It is a pleasure @bitopia. Mine coming up today, later... ;) I look forward to seeing the next one. Namaste :)
Segwit2x has been cancelled: https://steemit.com/segwit2x/@usethebitcoin/mike-belshe-segwit2x-will-be-suspended
Take a look at it. Thank you.
steem is forming a beautiful cup and handle. technical analysis shows us of the sentiment, i believe it will moon.
I'd love to know more! I have not put in the necessary time to find out why Steem's price would increase. Care to enlighten me?
i'm basing this purely on the charts. i'm a long term investor, and i've learned that it's best to buy at the right time -- not when it's all time highs. if you check other alt coins (like vertcoin or verge right before they mooned), they formed this pattern - a "cup and handle patter". it's market sentiment.
i also believe this is true of bitshares as it is still forming the bottom of the cup
