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RE: 24 Hours Later: Thoughts on Steem So Far - Charlie Shrem

in #steem8 years ago

Nice good job on trading the dips and selling the highs play the market! Yeah the white paper is kind of long and can put you to sleep...... In short you are paid 90% interest for holding Steem Power and Steem is inflated at 100% a year, Steem Dollars are always supposed to be worth $1 USD! The system is designed to weed itself of any garbage content by simply not up voting an article if you do not think it gives value to the community. The system is not designed to heavily enforce spammers and people posting lots of articles it weeds itself by not up-voting if you don't like it. If you enforce the community that is having the crab bucket mentality described in the white paper. And also there is a 10:1 reverse split on Steem every 3 years so if you hold Steem you are inflated 100% a year plus reverse split 10:1 every 3 years but the price is supposed to go up 90% after the reverse split!

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Also you earn more curation rewards if you up-vote content that is 30 minutes old or older and if you up vote a good article before it becomes trending in the trending section before a whale gets to it! So be sure to look for hidden gems of articles and up vote and earn some curation rewards before whales get to it!!!!

@acassity Best way to find those gems is to look in #payitforward BTW :)