@randowhale my posts could do with some whale effect, I got some great post, please check them out @rahul.stan I agree with your statement that with great power comes great responsibility however, this HF19 is about the whales trying to give minnows an opportunity to earn, it is in the minnows interest to invest in steem power. The more steem power, the bigger your stake in the blockchain and the more you can earn. So the smart minnows like me would be investing in Steem power and powering up, in fact, I like all my earns go into steem power. Let the free market work, one great thing about capitalism and it keep repeating itself, you invest in a great product and continue to add shares when it drops because in the long term prices don't stay below book value. So let those who believe they should cash out, cash out, the free market would reward those long term investors. The price of Steem dollars gonna head in the opposite direction, as the community grows, and platform becomes more valuable, the demand for steem dollars would increase. My biggest concern, can steem handle a 24 million user volume? So don't worry about hour to hour fluctuation or day to day fluctuation, there is a reason why investors smile at the end of the year and traders ponder on miss opportunity. The point I am trying to make, steem at its current price is way below its book value, these innovation are to spark interest among users and attract more users, we still beta, so enjoy the innovation and power up. We must not be caught on the assumption that steem in losing value as with our fiat denominators, its the opposite, its increasing in value, so let the free market work.
@randowhale my posts could do with some whale effect, I got some great post, please check them out
@rahul.stan I agree with your statement that with great power comes great responsibility however, this HF19 is about the whales trying to give minnows an opportunity to earn, it is in the minnows interest to invest in steem power. The more steem power, the bigger your stake in the blockchain and the more you can earn. So the smart minnows like me would be investing in Steem power and powering up, in fact, I like all my earns go into steem power. Let the free market work, one great thing about capitalism and it keep repeating itself, you invest in a great product and continue to add shares when it drops because in the long term prices don't stay below book value. So let those who believe they should cash out, cash out, the free market would reward those long term investors. The price of Steem dollars gonna head in the opposite direction, as the community grows, and platform becomes more valuable, the demand for steem dollars would increase. My biggest concern, can steem handle a 24 million user volume? So don't worry about hour to hour fluctuation or day to day fluctuation, there is a reason why investors smile at the end of the year and traders ponder on miss opportunity. The point I am trying to make, steem at its current price is way below its book value, these innovation are to spark interest among users and attract more users, we still beta, so enjoy the innovation and power up. We must not be caught on the assumption that steem in losing value as with our fiat denominators, its the opposite, its increasing in value, so let the free market work.
Okay I just realized that that was still a good thing. Thats a good bump bro.