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RE: EOS to build a Competitor to Steemit - Will STEEM survive EOS? (long) 🤔

in #steemit7 years ago (edited)

Yep, but the overall market didn't become $800 billion in December from users, it was Wall St getting involved. So dont underestimate the power of silent holders of crypto who don't know the first thing about the crypto they hold. Take Korea and it's bid-up of SBD, right? Everyone who knows Steem knows SBD shouldn't really go up faster than Steem, or even up at all. But it does, even now, when the "Gaurdians" (to borrow a Minecraft meme) of Steem are planning to make SBD go from it's current $5 perch (per USD) to $1.00 in the near future! so even the INSIDERS aren't powerful enough to stop the numbskully herds from investing in one-liner themes and cocktail-party hints.

Best thing to do, will be to just get involved with the new platform and see if it's better. Even if it is, we've found the previous platform isn't usually done yet. Snap vs FB is a perfect example, FB continues upwards even tho Snap has been stealing market share for years now, outgrowing FB to this most recent quarterly report. Yet investors still trust the big guy, and ignore the problem coming right at them.

again, we agree with what you're saying, it just doesn't always work out so crisply in reality, that's all we're saying.

Frankly, we'll all be fine either way, altho some early-birds in Steem might take a hit if the new platform doesn't reward being early like the old one does now. but even some of that reputation will transfer.