Topic: Steem pyramid scheme revealed - page 40. (Read 107058 times)

Here's a fund manager who hung himself on Steemit (fund down 50% in one month)....
But is still hopeful and has written more intelligent commentary than anything Steemit has written.

https://blog.coinfund.io/perspective-customer-acquisition-and-retention-on-steemit-327a7f21cd8e#.ybv8x0k3o

https://steemit.com/investments/@jbrukh/disruptive-technologies-speculative-capital-and-thinking-big-about-steemit

Agreed, but I see the level at parity with SBD, like now. We'll see whether the promise to keep the peg to the US$ holds. Larimer is hell bent to keep it there, he said. So now people may exchange their Steem for SBD, as a hedge against the falling price, which would put a lot of pressure on SBD. Then again, if some announcement was made that could make it snap up very nicely. I just bought some.

It would actually be a perfect moment in time for a nice announcement, Friday afternoon, STEEM-SBD at parity.

Come one we all knew that this was going to happen.
Every person who believed that this will be a great project and worth quit some bucks in the future most have lost his mind.
Look at the chart!It's dropping like a hot potatoe!And it will keep on dropping.Ok some small break and pump within that but then the sale out will continue while the dumb sheep who invested will stuck.

The whale structure is doomed and they know it...
Since various whales are running bot scams to extract as much SBD as possible like dragonslayer...
Who is finding "gems" but making twice as much as the authors he's uncovering.

https://steemit.com/steemit/@emperormollusk/a-look-at-dragonslayer-s-hidden-gem-post-real-value-is-there-really-any

Here's a fund manager who hung himself on Steemit (fund down 50% in one month)....
But is still hopeful and has written more intelligent commentary than anything Steemit has written.

https://coinfund.io/

https://blog.coinfund.io/perspective-customer-acquisition-and-retention-on-steemit-327a7f21cd8e#.ybv8x0k3o

https://steemit.com/investments/@jbrukh/disruptive-technologies-speculative-capital-and-thinking-big-about-steemit


And, of course, Larimer said it's all a Trojan horse which would explain the confusion:

https://steemit.com/steem/@dan/steemit-s-evil-plan-for-cryptocurrency-world-domination


As a professional trader for 20 years on NYSE, etc...
I know for a FACT that they fucked up the Steemit internal market as bad as any random pinhead could (down to < $10,000 24 hour volume)...
So in spite of 2 years of working with Bitshares Dan has no clue how to develop liquidity (or it was a straight-up scam to drain rewards)...
This single data point does not inspire confidence that Steemit knows much more than is already evident.

May be they have smart venture capital partners...
But STEEM is going below 0.001... maybe starting to buy there is not crazy if you want to ride the Larimer train.

On the other hand, if everybody says its broken and there are threads on BCT how crooked and what a scam everything is, its usually a good time to buy some.

Very distant. I haven't entirely ruled it out, but afaics (and the I believe the flatlining of serious weekly users is supporting this as I anticipated upthread) the design of the token can't onboard the masses nor the speculators to keep it funded while it does, so what is the attraction for the majors? They only jump on something that is growing fast and already in the millions of users, e.g. the recent flurry of videochat social apps.

The open source aspect could have lead to many different ecosystem apps built on top of the blockchain, but I think the structure of the underlying token makes this unlikely to break out of the quagmire I outlined above.

Protip:  The Larimers and their associates are cashing out.  There is a reason for this.

Another distant possibility I can't rule out somehow is, that the Larimers are indeed geniuses, and everything is going extremely well, as planned.
The condition under which this came true would be met, if Steem was a project ordered by a social media major, with everything thats happening now just as a test run, and everything published now being viewed as demo content for making a good showcase.
If that cat would jump out of the box it would indeed make a nice leap.

the problem is not the value of steem. the problem is how it works. you can't earn something without the "help" of the "whales". or you have to buy a lot of steel from the "whales" to be able to vote yourself.

Oh please, bitch. Fuck one, fuck them all, who cares?

It is all the children of those visible alpha-males you don't know about, and all the alpha-males which aren't visible. Do you think public personalities don't cultivate the image that they want you to believe. I think you are naive.

Also, you seem to have missed my point that the bad boys are often "fake" alpha-males. Women's hindbrains seem to be instinctively tuned to be impregnated by these indicators, which fool them into thinking these "bad boys" are alpha-males. And to some extent, that makes them alpha-males in the sense that expend their time and effort being superior to other men in terms of producing offspring yet also typically very unproductive for society in any other metric (c.f. my reply to @neilstrauss). You could read for example James A. Donald's blog post about a female attorney who has been fucking bad boys all her life and is now age 30-something and running out-of-options (because her hindbrain fooled her). Or other women who divorce their subservient husbands, destroying the children.

I have an ex with 3 more children from afaik 3 different men, for example. And I pay her monthly, because the government in the USA will revoke my passport if I don't. I'd probably pay her something any way, but I wouldn't have been paying the $1000s per month she was demanding (requesting) from me during past years (which I no longer pay). And I empathize with her inability to remain productive and choose more wisely. At least now I understand why she couldn't (and her 40s are approaching so it is winding down).

P.S. I've been at different times of my life a "bad boy" and a very productive entrepreneurial software developer. So I speak from my experiences.

It could be correlated with precisely the theory I am presenting in this blog post, in that engineering is a profession focused on production and practice, not on theory. Monogamy (and other group compliance paradigms such as religion) appears to me (see also my comments on this page) to be a strategy to keep men productive. So those men which subscribe to being productive are more inclined to want to see the world as structured in a conducive way to production versus chaotic genetic diversity. OTOH, it can also be argued that the Humanities are elite political agenda indoctrination camps (with heapings of theoretical bullshit and massaging statistics to tell any story desired). Isn't life wonderfully complex. I love it.

Well Neil Strauss did post an intelligent comment on my blog, so that was gratifying:

https://steemit.com/relationships/@anonymint/monogamy-is-an-evolutionary-strategy#@neilstrauss/re-anonymint-monogamy-is-an-evolutionary-strategy-20160826t011534948z

It may never go up. It's just like every coin that cranks out coins at a high rate. Sure, lots of it is tied up in SP. However, the market can't keep up with all the people powering down, and dumping. Don't catch falling knives. If you want more Steem, just mine it or blog and get lucky. Too bad Poloniex does not offer Margin trading for Steem. Someone could make a fortune shorting it.

With Steem tokens keep falling some people who have planned to invest in it for the long term are now stuck and getting desperate. I saw a video of Tai Zen trying to convince people and himself that the falling price is ok. Here is the video https://www.youtube.com/watch?v=tgp0_sS8rLw

For me the price will go up in time but the question I have is when will the price stop falling and how long do we have to wait for the price to go back up? It is not worth the agonizing wait if you ask me.

With Steem tokens keep falling some people who have planned to invest in it for the long term are now stuck and getting desperate. I saw a video of Tai Zen trying to convince people and himself that the falling price is ok. Here is the video https://www.youtube.com/watch?v=tgp0_sS8rLw

For me the price will go up in time but the question I have is when will the price stop falling and how long do we have to wait for the price to go back up? It is not worth the agonizing wait if you ask me.

Agreed. And to have that plan, the structure of the token needs to be quite different. You can't entirely remove the incentive for speculators to bet medium-term by forcing them to lockup their funds for 1 year weighted average, else subject to 50%  annual haircut due to dilution (actually 150% recently).

And you've got to be able to have a viral onboarding mechanism and a verifiable meritocracy which also is driving long-term investment into the site by the participants, which will eventually drive token based commerce.

All of these factors are incorporated into what I am working on now.

And I have the killer 5 letter name for a social network based around content on a blockchain. The name was staring me right in the face and I didn't realize it, until I tried to simplify. I think this name is up there in the class of the Facebook, Twitter, etc..

But probably I need to partner with another developer, because I can't seem to completely eliminate my health problem. Very frustrating. I am trying everything (putting all out effort every day). A photo verification of my health problem is coming in my next blog, because I decided to go ahead and post these videos we made in July.

Like I've been pointing out...
There is nothing resembling a Business Plan.

In the context of a social network platform, even if the stakes were different, I can tell you that there would be no verifiable meritocracy in terms of rewards/quality.

Let's say you have 100 well-connected people and 100 less connected people. The 100 less connected people will get less upvotes. So the introvert/less social personality will get penalized on that factor alone, while the extrovert/more social personality will get rewarded more - even if their content is worse.

If I know more people, more people will vote me and support me. See the $ vigilante case...

So when you scale the network, say, to 1bn people, and you have some celebrities with 10mn followers, and others with 500 followers, even if the 10mn follower celeb writes a one-liner about the food they are eating and uploads a photo, that celeb would get more upvotes than a well written essay by the 500-follower guy. So...

Like I've been pointing out...
There is nothing resembling a Business Plan. What on earth does Ned do anyway?