Funny to see this post in the first place, friends who before were loaded with sp and have powered it all down have been here for years and say steem is fucked, but everything goes in cycles.
I cant actually remember how we met but I remember you as "that guy with good interlect", and believe that for a long term investment you have made a great choice!
I gave a lot of thought to it myself and I still have to find the time to write a post about that thought process.
My conclusion, summed in a few words is "steem is us!".
I.e. - steem is only f**d if we believe it to be and give up.
If on the contrary we doggedly refuse to surrender and stand together, we can achieve the goals we have set and we can go as far as we want.
It's a big difference with investing in classical stocks. I have invested in stocks for 2 decades and realized that with classical centralized businesses, no matter how good the product, how sound the fundamentals, how benign the economic cycle, if the management is inept, the stock prices will never recover.
The price of a blockchain asset on the other hand should depend not only on the management of the founding entity (Steemit Inc.). If I had thought that, I would have cut my losses and ran after the disastrous HF20. Steemit Inc. is only part of the story though, like mother and child. Steemit Inc. is steem's mother and one shouldn't judge the child abilities and prospects by how brilliant or otherwise the mother is.
I completely agree, and also I truly believe that thee Dan is a wise man, eos for dapps, bts for trading and steem to be used in the future for promoting ones products on a free market, and more importantly a meeting ground for like minded folk
Funny to see this post in the first place, friends who before were loaded with sp and have powered it all down have been here for years and say steem is fucked, but everything goes in cycles.
I cant actually remember how we met but I remember you as "that guy with good interlect", and believe that for a long term investment you have made a great choice!
Posted using Partiko Android
I gave a lot of thought to it myself and I still have to find the time to write a post about that thought process.
My conclusion, summed in a few words is "steem is us!".
I.e. - steem is only f**d if we believe it to be and give up.
If on the contrary we doggedly refuse to surrender and stand together, we can achieve the goals we have set and we can go as far as we want.
It's a big difference with investing in classical stocks. I have invested in stocks for 2 decades and realized that with classical centralized businesses, no matter how good the product, how sound the fundamentals, how benign the economic cycle, if the management is inept, the stock prices will never recover.
The price of a blockchain asset on the other hand should depend not only on the management of the founding entity (Steemit Inc.). If I had thought that, I would have cut my losses and ran after the disastrous HF20. Steemit Inc. is only part of the story though, like mother and child. Steemit Inc. is steem's mother and one shouldn't judge the child abilities and prospects by how brilliant or otherwise the mother is.
I completely agree, and also I truly believe that thee Dan is a wise man, eos for dapps, bts for trading and steem to be used in the future for promoting ones products on a free market, and more importantly a meeting ground for like minded folk
Posted using Partiko Android
It means to going on right direction