It's almost unavoidable at this point. Just about everyday I see someone throwing in the towel. Either because they fear the upcoming changes and thus feel as if they need to at least walk away with something, because chances are everything will go to zero, or it's someone who is experiencing personal turmoil and thus needs whatever cash they can get their hands on.
All time Lows
This may not be the case in USD, which let's face it, it's really what we all worry about in the short term, but it seems to be accurate against BTC, the king of crypto. The truth is that It does seem worrying that the bleedout hasn't stopped and to to see some people losing hope, is disheartening.
It's not unreasonable that some people are choosing to sell at market value, even at this loss, because they rather ride the wave up on another token, or even chase BTC. But the move in my opinion is just as risky, if not more. I can't tell how many times I've lost money for chasing uptrends.
The 50/50 issue
I've talked about this before, and I guess it's getting old, but the truth is that the problem is is not really there. Yes, at face value it seems like content creators are going to get less for their work, a smaller percentage of the pool, but people say this, without considering the price of STEEM itself.
To put it simply, I rather have 1% of a million dollars than 50% of ten. What these ideas are attempting to do is to increase the floor valuation of STEEM. Yes, I guess we could frame it as "the people are overpaid" but that's a strawman argument, or at least it's one sided.
The issue is that STEEM is not attractive enough to investors, at least the way that it's working today. So to say that we must do nothing, that no change is required, is to passively say that everything is peachy, and I don't think that's a true assertion of the situation either.
BUIDL
Because we have options today, it's not entirely correct to say that we are at the mercy of a handful of powerful witnesses. Yes, when it comes to consensus, the upgrading of the blockchain itself, etc, they will be the ones who will accept or reject the upgrade, but it doesn't mean a community member is out of options.
If for example, you believed that we should pay more to content creators, that the split should be 90/10, you could start a Tribe using STEEM ENGINE, and give the experiment a go. It's not free, I'll grant you that, but from what I can tell, there's enough people upset with how STEEM will be distributed, that amassing the funds for this effort might not be too difficult.
Maybe you've noticed Palnet already, and how well it seems to be doing with the 50/50, and yes, I will grant you that we are early on the distribution of Palcoins and thus it's hardly a good time to slam the gavel, but it's also fair to point out that the experiential value of steemians on Palnet is excellent. Everyone is having fun, and in the end, that is just as important.
If you are leaving
I bid you farewell, I'm not one to play tribal games ironically enough. I don't think the game is over, as some say, not by a long shot, and I'm ready to see what's around the corner.
Regardless of what happens I regret nothing. I've written more than I thought I ever could, made friends, and learnt so much about money and economic systems that my victory is completely independent from the story of how MenO became a crypto millionaire. Not that I would hate it, but again, that's not how I measure my quality of life.
MenO
You are exactly explaining my own feelings but far more eloquently then I could. It is no surprise because I know from the many times we have been in voice chat we have the same outlook on Steem as a Blockchain.
Whatever happens the Steem Blockchain has given me something money can not buy - I have made friends around the world I would otherwise never had met and learned the value of sharing time and the importance of helping each other achieve a common goal.
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When there is blood in the streets concerning an obviously viable product that is the time to be paying the most attention.
Show me one website that rewards content creators more than Steem does. 50/50 curation or not.
Im close myself. I just don’t see how things can change here
I hope you stick around, we need nerds and I say that affectionately.
The crypto community is on drugs.
I know youre writing this to get feedback where you can discern what the folks whose opinions you value think..
A way to position yourself in your own mind. ☺
Heres what you should think..... Crypto is a junkie and its drug is hype.
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If Steem went away I would miss it, but I am happy with what it has given me so far. It had bought me a few things and I have had a lot of fun. What I would miss are the people. I have had other social sites die on me and I have lost contact with people. Steem can be social as well as earning you something and you get interesting people here. I am not giving that up even if I make less in future.
To be honest I think I have been over-rewarded at times. Who else will admit that?
I have no problem admitting so myself. When I first joined, I got curied a few times, and making 100 USD on something seen by 30,40 people hardly seems balanced.
One big unwritten rule in the entertainment industry: Never sell yourself short. Same with you @steevc.
Picture yourself strumming a guitar in the park. It's Saturday, busy day, people everywhere. They're dropping change, a few bills, enjoying your performance. Are you counting the money as it rolls in? Are you going to stop mid-song because you've earned your quota? Then you go again the next Saturday. You earn more. Then you go again the next weekend, and earn less. Did you earn too much on the best day? No. You did your thing, and whatever happened, happened.
Would someone who released their first album expect to go platinum? If they did, would they say they earned too much?
If you want to destroy an economy, all you really need to do is introduce a lot of chaos and uncertainty. These these changes bring a lot of both. Along with those, you have the perceived unfairness of the 50/50 change. Doing nothing is one thing, but doing everything at once is worse. People WANT incrementalism, despite what the devs say what needs to happen with respect with the exchanges. Everyone is fretting about "muh investors", but the product here on Steem is the creators, and if you drive them away the best of intentions won't matter.
I think incrementalism is the way to go, but as we both know, that seems to be falling on deaf ears at the moment. The truth is that life is a gamble, and yes we are taking a big leap hoping to land on our feet. I don't know what's going to happen, I do hope for the best, but "real life" happens offline, and I don't intend to let the drama of these conversations rob me from enjoying time with the wife, a good meal and my family.
We agree more than you think :)
For sure. My life is much better now that I’ve abandoned the larger social networks.
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I believe that the idea for the 50/50 split of HF21 is to get more people to actually curate instead of just selling their voting power to a bot. I know that a lot of steemians either don't want to manually curate, or don't have time for it, but the 50/50 split gives manual curators the opportunity to earn more steem for their curation efforts. It's for that reason that I'm not upset with the coming hardfork.
That's the idea. I hope we get to this point where people actually begin to manually curate, because that would be incredible for the blockchain when it comes to getting new users and getting them to stay here.
It's always good to see 'giants' choosing to stay. It gives some of us the courage to stay. I keep saying that Steemit is a global village where I have met the most diverse of friends. I am lucky to have been dragged here by curiosity.
I have been seeing the drama too which says a lot because I try my best to avoid it lol, I've been dragged into giving my opinion only to be told I'm wrong and its a sinking ship and by all means, you have your opinion.
People give up on various platforms every day and that's the natural user churn, we have a small community so when someone decides to call it quits it seems like a big deal. I've been here just shy of 2 years and I've been through HFs and mass exodus and big accounts leaving and I don't think its the end of the world.
I think patience in business is key, your first 5 years is basically survival and proof of concept and on this scale and with decentralisation it's hard but not impossible. I think that the whole earn and moon has got people thinking crypto was an easy way out from their current situation but its not the case yes there are people who made major gains in a matter of weeks or months but they are the exception, not the rule
you are right! I think so too.
Hell yah!
I am sure some people saw steem as their ticket out of whatever shitty hand life dealt them financially. While I came for the rewards when otherwise there was none (Facebook,) I am with you on the writing skills, friends and learning done while here.
It was a very fun and productive hobby I can’t pull the plug on because it might pay me less. I will just stress as much about putting together good content, keep supporting my peeps, and adjust my tactics to take advantage of the new numbers.
I can’t just take my toys and leave the sandbox like others have the prerogative to do.
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I am swaying between two things at the moment. One there are in fact a few key players that control a vast majority of bitcoin and other cryptos. Those people are playing games and manipulating the markets and for those smaller fish that buy high and sell low they are losing out quickly. I can understand why they would want to exit and never come back.
Another side of it though says stock up and hold for the long run. Bitcoin will and should even itself out more as we progress further into the future. As more trading takes place and more FIAT currency pours into it.
I don't think it will ever be a world currency however. There is far to much risk to goverments.
So while I do believe $50,000 is possible for bitcoin and realistically easy I don't foresee it blowing up to a million and being a world currency because so few people how the majority of it.
Hear hear! Most especially on the last paragraph... Not judging anyone else but if you're not learning and enjoying any aspect of steem then by all means move on and write that low-key rage quitting post if you must. I definitely won't be the oh you poor thing, please stay for the community comment guy. The silence will be deafening and if things get better here they will have yet another thing to "if only" about to people that really won't care or empathize..
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I have been very critical with how the things have evolved at the steem blockchain. I am not supporting this HF21, I think it is obvious that the only thing is providing is uncertainty and that it is not good for investors neither for bloggers...
However, I am going to keep working and enjoying from this blockchain, because I think that better times will come and I think this is one of the few blockchains with a real use and working case.
I only hope someone with better abilities will plan a better business/marketing plan once steemit will finish its permanent drainage of the blockchain. I am 100% sure that the situation would be much better if the spoil of the blockchain would be finished but...they still have a few millions more of steem to deposit into the exchanges...
We should focus our efforts on gaining positions at the market and not selling steem at any price now because once bitcoin dominance reaches its saturated level, investors will look for other cryptos and project to invest for and, then, we should have better visibility and position...but, this vision seems out of the scope of Steemit INC
I don't know what to say you were one of my motivators...
I'm at a low moment myself, still posting though
all is fine until it becomes frustrating but I regret nothing either especially the friends I've made... I don't know what is up for the future, all I see is that nuclei of people I bonded with is "scattering" and that was what mostly bound me here. I'm gonna to still give it a try.
I must tell you Pris.. Anka and I have been talking about taking a trip to Spain this year. With all the work that we have ahead of us, it seems only fitting that we would do so prior to.
So, God willing, You, the Wizard, Anka and me are going to roam in some forest, eat some interesting food (for us) and share a beer or two before 2019 comes to a close.
<3
That would be lovely. We really missed to meet Anka on steemfest and I know it was an hectic time for you. It would be nice some quieter forestbathing and stargazing
See you soon then? 🐀😍😚
I also got share my though about it but my SP is not strong enough to make it get notice.
You can read my view and proposal .
https://steemit.com/steemit/@hooiyewlim/will-50-50-curation-solve-the-problem
I think we can still do the 50/50 curation , but content creator will get a share of the ads profit if the post generate view.
I don't dislike that idea, and not long ago wrote something along those lines as well. Ad revenue is not a bad way to generate sustainable income and create demand for a token.
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I understand why people are deciding what they are but I see the advances in tokens and other developments as reasons to see steem as a player. I believe it will pull steem up and after the uncertainty eases it will pick up as well. As for me I will keep pushing on here. Thanks for sharing!!
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Hi @meno!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.812 which ranks you at #432 across all Steem accounts.
Your rank has dropped 39 places in the last three days (old rank 393).
In our last Algorithmic Curation Round, consisting of 212 contributions, your post is ranked at #30.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
I powered down and sold at a loss. Holding a bunch of steem wasn't a risk i was willing to take anymore.
I hope these lows are around for a little while. I plan on taking a drive to an atm to trade in some fiat. Just so many expenses lately.
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