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RE: VERGE (XVG) Could Form a Head & Shoulders Bottom

in #verge7 years ago

Real question. I thought that your forces and Haejin's forces had reached a truce, whereby some of his post would get full credit, some less credit and some none. Also there would no longer be name calling. What happened with that? I noticed some of his posts being down voted but assumed that was part of the deal. But now name calling? Something tells me the cease fire has ended. I am curious to know why.

I don't agree with the censorship, but I do understand the limited reward pool. I had been considering making a fairly sizable investment in steem and then this feud began. When I saw this I made a (bad) decision not to make that investment as what I saw told me that this decentralized model was just not going to work. Then the truce, which I thought made sense, but by then the price was so friggin high. Now that we have a pull back I see this stuff and I am very hesitant to invest, yet again and for the same reason. Now I know my small pockets don't matter one little bit, but I know I am not alone thinking this way. How many deep pockets are turned off by this?

Steemit does have "first in" advantage in this space but the model could (and probably will) be copied. Kind of like Bitcoin, but just like Bitcoin bad decisions could dethrone the king. If there had been no forks and everyone was playing nice, Bitcoin would be worth a hell of a lot more right now. IMHO