I think people are cashing out to prepare for EOS and Tron, which promise to do what Steem does. Seeing Steem Monsters become Splinterlands and start accepting Tron is a sign of what’s to come.
People who moved in early on Steem are cashing out to move early on the other blockchains.
I think Steem is a good platform and has a lot to offer. However, its success serves as a prototype for others to emulate. I think speculators are looking for the next big thing and using their Steem to fund it.
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What is the name of eos social media? I don't see anything written about it on their site. I keep hearing about tron and eos games but after checking them out they are nothing but a joke lol
There isn’t one yet. To clarify, the platform is designed to accommodate dapps at higher rates than ETH. Therefore, they expect developers to build out whatever they like.
When ETH kicked off, I bought some before any dapps were available. I let it sit and forgot about it. It was a nice windfall profit I had not intended.
Steem has taken a couple years to come this far. Moral of the story, it doesn’t take very long for these things to take off.
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There isn’t one yet. To clarify, the platform is designed to accommodate dapps at higher rates than ETH. Therefore, they expect developers to build out whatever they like.
When ETH kicked off, I bought some before any dapps were available. I let it sit and forgot about it. It was a nice windfall profit I had not intended.
Steem has taken a couple years to come this far. Moral of the story, it doesn’t take very long for these things to take off.
Many of the features of the Steem blockchain are being duplicated. Staking, interest, tokens, high transaction rates, a stable-ish token that can be exchanged for cash, and probably more that I don’t know about. It’s a matter of time.
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Should i sell steem and buy eos?
I don’t know. That’s a very personal decision.
What I have done is bought EOS and TRX in advance to be prepared once those blockchains have something interesting. I am not taking out of Steem to go over there. I think we will likely see the rent seekers cash out and go. It would be bad for Steem in the short run. However, it would help stabilize the price once they are gone.
I do not understand the intricacies of blockchain. I approach this stuff through an Economics lens. I see Steem, Tron, and EOS as substitute goods, or at least they will be when those other blockchains get it together with their own social media. At that point, it will be like comparing potato chips once the novelty of a new product wears off.
My approach will be to be present on all of them. I think Steem has made mistakes and learned from them. The other blockchains still have mistakes to make and learn from. I think we can eat our cake and have three cakes too. I have no data or evidence to support my conclusions, just a vague sense of the rational actor present in all Economics arguments.
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Oh I just saw a new comment. It will be called meos
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