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RE: Open letter to the SteemSilverGold Community from @phelimint regarding Stax.

I can imagine it being hard work maintaining the bot, working out levels and keeping everyone happy, making sure people get a good return on an investment. I always assumed the person who created the bot and runs it day to day (phil) owns the bot and any spoils associated.

The bot was created to give everyone interested in precious metals an incentive to join steemit and make good posts with a little vote to give them a lift, grow the community and that will benefit us all if we are voting on each others posts. I wasn't sure if delegating steem to stax was good for the community as it takes away everyones power to upvote what they consider good content on their own merit.

But it has become an investment vehicle and anyone investing wants the maximum return and will be ruthless in wanting everything and will resent anyone else getting anything especially if they consider someone is getting something for nothing. Money will always suck the fun out of everything our sad species might have achieved. This is very important; when i joined steemit i read about what steemit was, it is a social media game, this is a game not a business! Stax is a level inside that game and the rules of playing with stax are laid out, if you want to play in the gold and silver tiers then have fun doing that but follow the guidelines set out by those that created and operate it and enjoy playing that part of the game and if you dont like the game then play a different one.

We all love Stax and have enjoyed seeing her grow up and without the investors at the top there would be no stax to support smaller players and those that put into it deserve the most out of it but should not be expected, investments go down, sometimes you loose but the founding principle of silvergoldbotty was to support good content about silver and gold related topics as that is the reward for the majority of us and not just to offer a guaranteed % return on any investment.