63.0% of all liquid STEEM is stored on the exchanges.
Pretty ridiculous considering how much safer your wallet is than an exchange and it takes max 1 minute for your funds to appear on an exchange when sending.
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Exactly. Why not just create some alts here to store it if you don't want to show how many million you have?
Nah rather lose it all in the next hack!
Not so bad when you have a million on each exchange - unless they all go the same day :D
Exactly that is ridiculous.. why people still prefer exchanges for their steem store, I wonder!
Many people get contact with cryptos after seeing trading videos which YouTube has just recommended them. Most of them will never learn what a wallet is.
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tsch, i got a mail from japan last week on the mt. Gox case ... all in japanese i didnt even know they were still on it ...
probably if i wanted to file to get my 1.5 mined bitcoin back i had there , so i can "maybe" get it at the rates back then , about $500 i guess .. (i should say cpu- and gpu- mined ... i burned cards on that ... am i that old, omg?)
some people holding millions were playing with lego back then werent they
which is an edit here , which makes me doubt again the validity of the idea of storing every single edit directly on the chain, seeing as this can't really help the volume over time but i'm not the tekkie either so what do i know
you're right, most people got into it today cos its fashionable, like "blockchain" , or "a.i." or the other magic words from Hogwarts
But there's also the problem of every bum on every corner pouring out their own bumcoin which cant possibly do anything but drive the overall value of the "main" coins down because there's plenty of money stored in ... can i call it "micro" amounts of these obscure coins that will probably never see their fifth birthday
and the advent of the actual bankers going as far as patenting bits of blockchain technology probably aint helping too ...
ive been watching my little plankton vote go down and down and down as my steem power goes up and up and up ... i think it dropped like 2 cents in a week ... maybe not much for you but for me thats about 33% ? i might not have the exact but i dont think its far off ... from all i see, the increase in accounts over the last months simply cant mean its all plankton selling off the sbd as they get it ... this has to be one or more major players, or simply sabotage by the up and coming to get market space ... EOS ... TRON, NEO ?
there's a few i could think of who would benefit from "making room" lol
if Nakamoto were dead he'd be turning in his grave ... ICO's ... "central authorities" (well thats what EOS calls itself , right?)
Satoshi weeps
and i'm not making a lot of money here this way hahah
yea that's pretty daft ... i'm already considering opening an account for every 500SP lol ... due to the nature of the only one password , no recovery and no 2fac or hardware dongles
but i'm plankton ofcourse 500 is a lot for me
so very true. Plus the fact that Steem rots a little if you aren't using or staking it in some manner. On the other hand, the value of one's upvote goes up when less Steem is powered up and used across the ecosystem, so in that sense having that liquidity on the exchanges is nice if you want to buy or sell copious amounts of Steem.