It's true. I can't remember who it was but did you see the poster that lamented about powering down a pile of steem to buy a car? He bitterly regretted it because he thought at the time it would be easy to earn it back but he is nowhere close because steem is harder to earn and increases to be harder
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I'm pretty sure you are referring to @alexbeyman. In fact, I believe it was this post right here.
That is the very one!