What a great experiment gone to waste as a result of typical human greed.
(Image courtesy of psycholgytoday.com.)
If you ever are tempted to think or say that people are essentially "good," remember what happened here.
Steem is $.17 and heading towards new all-time lows...
I work so hard on making guitar videos, but now my best new videos won't be posted to steemit ... the openmic guys ruined it for all musicians ... I watched the openmic songs and most are crap I can't up vote them because they stink, so sad to see this steemit go to down the toilet
@lordbutterfly would like to have a word with you.
Hes actually not bad. Lol.
what do you want to talk about I'm all ears @enforcer48 ... it might take me a week or so to get back to you because I only log onto steemit once a week or more ... it's becoming like FB to me now
It is sad. The AMAZING potential totally pissed away here will always be one of the saddest stories of our era.
Youre a pretty decent guitarist. You get a vote from me.
The openmic songs... Well there has been plenty really good ones over the years. Not every week will you find a hit.
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Maybe if those like yourself would have bought some Steem instead of just selling the price would have looked different.
Pot, meet kettle
The problems are multifaceted. For example, this post is referencing several different issues at the same time. Let me explain:
Human Nature
It goes without saying that, like you said, that people are generally not little angels by default or constantly. Yes, people can choose to make better choices. People make selfish decisions filtered through their emotions and lust for power, money, influence, greed, curiosity. That's a blessing and a curse.
The Pool
For those who don't know, Steem has a pool, which is a system for generating and distributing cryptocurrencies based according to upvotes, upvote weight, etc. This system is pretty good but it may be a bit flawed. In other words, we might be able to do better. The pool reminds me of communism, socialism, the Obama Redistribution of Wealth, Robin Hood Bernie Sanders thinking, universal basic income (UBI), etc. Steemit and Steem may not necessarily be that via the pool system. The upvoting system appears to be an aspect of free market capitalism to some extent. I prefer free markets over crony capitalism (cronyism), monopolism, corporatism, technocracy, authoritarianism, plutocracy, etc. I don't know how free market Steem might be or might not be. The pool part of it might be less free market and the upvoting part of it may be the most free market aspect of Steem. I don't want to criticize the pool system too much because it does work to an extent, it seems. I could be wrong, but I've made some money on Steemit.
World Economy
The biggest factor in all of this might be that Bitcoin and other cryptocurrencies have been, during the 2010's, during this current decade, way too dependent and reliant and grounded and way too connected and too reactive to centralized fiat currencies which are regulated by like the Federal Reserve, central banks, etc. Steem currencies may break free even more from fiat dependency in the 2020's as Internet 3.0 rises like never before.
The Whales
Yeah, like you said, the whale may play a role in what happens to the value of the Steem alt coins of SBD, SP, and Steem, for better and for worse. But I would not have it any other way in that free markets will always have or should always have rich people and poor people and the whales are very rich and that is good and bad for a variety of reasons. But it might be worse if there were no whales for the same reasons why communism sucks. Because communism has no whales. I hope Steem recovers in the next decade. If not, we can move on to better blockchain and cryptocurrencies systems, networks, etc.
Thanks, Joey!
yeah i just found this platform. I can't help but think you are right about this. i remember when they were hyping it on rogan too.
You've avoided lots of wasted effort. Congrats.
Yep. I came to this realization about a year and a half ago. I stay for PALnet. I have friends in there and I’d go insane without them. Even when the blockchain is deactivated I’ll still find a way to talk to those people.
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Well done, Nathan. I'm in there also, but was hanging around here for the inevitable, anyway, with the forlorn sliver of a hope that these people would see the error of their ways and correct them. Instead...as I pointed out in my thread that @bloom recently grayed out...they've now gone WHOLE HOG INSANE and are committing hari-kari.
Well it looks like PALnet is not far off. Disagree with a socialist about her assertstions and she falsely accuses you of sexual threats, when she is the one being a pervert and then she whines to the witnesses and you are removed.
There is no chance to defend oneself.
PALnet is just another shitty sjw version of steemit.
Howdy mepatriot! I'm in it till the fat lady sings. I hope I don't look back and regret it though!
She's already sung. They just haven't hauled off the carcass yet.
lol! oh that sounds funny but it's not really!
and with the shit and garbage that happens here it is no surprise
hope all is well with you and theres not much anyone can do to the greedy whales here from what i can see
That's because you're weak and poor.
Pathetic child.