Topic: Steem pyramid scheme revealed - page 69. (Read 107064 times)

Pondering whether buying SDs at 0.82$ is a sure bet...

https://steemit.com/steem/@alexgr/is-buying-steem-dollars-at-0-00127-btc-a-sure-bet

Thank you. I tried to be very conscious of not offending any interests (other than the record labels, lol).

My nature from Bitcointalk had become flippant or indifferent/indignant/rushed (and I've been much of my life a bit of frank speaker often carelessly choosing my words before thinking if there is a way to say something that might minimize friction), but I guess I do remember how to do this if I put my mind to it.

I do remember when I was 4 or 5, I was very into pleasing the crowd and would entertain adults in the park. They were kind of enamored with the blond/blue eyed boy who was very conversant. Meaning I was trying to build a good feeling or rapport. I become more jaded I guess as life went on. Parents divorced, 10 schools before graduating high school, step-father who threw me down the stairs (actually he was a good man in many ways), etc.. Mostly lately it had just been a struggle to survive and get through daily life without totally failing all my responsibilities. Somehow from Steemit I ended up at this young man's Youtube (<--- click this to see how spoiled some Americans are now! ... perhaps this is not an average case) and I was realizing how difficult my life has been past several years compared to his and also remembering when I was younger and goofing off more like him. Put into perspective how miserable my life has been lately, but I am also happy for the challenge and also for being here in blockchain research since 2013.

Your posts are really quite good. I especially like this one as a 100% positive approach to reducing copyright risks rather than people going and attacking other people who aren't making the same judgements on the issue.

I don't know if this could be the cultprit but, have you ruled out chronic c. pneumoniae? (intracellular bacterium that steals energy(ATP) from the cells and is linked to many "nasty" things)
http://med.stanford.edu/chronicfatiguesyndrome/infections/chlamydia/chlamydia-experts.html

An indirect indicator of c. pneumoniae could be the NAC test(scroll one page down)
http://www.davidwheldon.co.uk/NAC.html

If an antibody test is done, I would consider high IgG levels a confirmation, (low IgG doesn't necessary exclude infection)

Some more information here...
http://www.cpnhelp.org/chlamydia_pneumoniae_anti
http://www.cpnhelp.org/the_chlamydia_pneumoniae_


Maybe it has nothing to do in your case but I will leave this post here just in case...
For the record this little "bug" almost killed me. I'm recovering very very slowly...
 

[disclaimer]
I'm not a doctor and the above post is not medical advice.

LOL

I got raped. Give me money.

"There appears to be an easy (way) to find"

Also give it a space before and prior the image, it seems stuck on it.

I decided to offer a practical suggestion to all Steemit users on avoiding the potential copyright infringement problem:

https://steemit.com/steemit/@anonymint/easily-help-steemit-avoid-copyright-liability

Thanks to @chryspano for the upvote. That is a good sign for the possibility of Steemit (not saying it is enough to overcome the issues of the voting system as currently is, but it shows something about the community if he is representative).

>Please tell me where I can sell my 1050 STEEM POWER??

As of right now, nowhere. Only the account loaded with it. And that means someone will have to gradually drain it to get the power over 104 weeks.

Perhaps smart contracts might be implemented on the blockchain level that are immutable, meaning that one would be selling their weekly SP income which would be automatically directed to the buyer - if the buying condition (price) is met in terms of liquid steem.

I come over to you tell you I want to buy your 1050 steem, you say ok, I'm selling it for 800 liquid steem. We open an online form on the site itself which shows us the "contract", what I give you (800), what I take in return (your SP plus interest or no interest in XXX weeks), and then we both sign it and it's done. You then go cash out your STEEM and you are ok with it.

As for what you say, yes I doubt most will be selling it too. They don't know how.

Anyway...

Please tell me where I can sell my 1050 STEEM POWER?? (note I might not sell now though)

Also please re-read my prior post.

Yeah maybe some small accounts will be sold, but I doubt most. Especially true if the STEEM POWER has some function (e.g. "karma") and they like using the site (i.e. low attrition rate).

From what I'm seeing, it's possible to sell or acquire loaded accounts with a discount. And many n00bs do just that. Hey I'm selling my acc for 0.1, 0.2, 0.4 btc...

The difference is the power-law distribution would be derived from competition. So you would have a wider diversity of whales not just the insiders. The power-law distribution doesn't give 50% to the upper 0.1%. Rather it is 38% to the upper 1% (c.f. the references I cited earlier today upthread).

Also I think we can keep the n00bs accounts locked up 104 week withdrawals, so the power-law can't force liquidation so rapidly. Giving the n00bs a chance to partake of the upside appreciation. The power-law distribution will still form amongst the content creators earnings as well, but again in a competitive environment.

Blockchains are an inevitable outcome of technology. When large databases can fit inside a mobile phone storage cell, there's no reason why you would have only 1 central database to serve the world. That made sense in the 80's/90's and 00's but it will not always make sense.

Let's say we go to 2030 and storage capacities that are normal are in the range of 50-100k TBs for a hard-disk equivalent technology that'll exist then. This type of storage would be sufficient to hold a lot of data currently held in centralized storage. Then you start questioning why is central storage and processing necessary and why is the middle man necessary if the sizes involved in these databases are so "small" that they can replicated the world over, multiple times, with simple equipment. It's that simple.

So, naturally, text/number based records will be the first to be blockchained. Images and especially videos less so - but it could happen if there's a leap in storage and processing.


Even if it started with an equal distribution, the shares would quickly accumulate because the poorer shareholders would be lured to sell in prices that thought were "OK". They'd be trading what -to them- are useless tokens worthless for their day to day survival, with btc->$$$ which have tangible RL impact.

And then people would again complain about the distribution which is so heavily in favor of the big stakeholders etc etc. It's the same story repeating over and over. Why? Because of the reality of wealth inequality and the priorities of life between those who have less money, more money, and ...a shitload of money that can afford buying facebook apps or games for tens of billions of $$$.

Remember: People were selling their BTCs at 10-20-30-50-100$ and thought they were getting a great deal.

You'll notice that a very significant portion of people joining Steemit mention the idealism of blockchains and how it could improve matters. They are planting some of their dreams (the hindbrain will tie this all together with "give me money!" and "we are speading love") in the idealism of "decentralization" (nevermind that they never study the fact that Graphene isn't so decentralized).

Eventually the realization will set in that "they got the yachts, islands, and dreams; and I only got this lousy Tshirt".

The insider percentage is very important because as r0ach points out, it prevents an aggregate market. When you have 50% on the sell side, it is difficult to have market. The insiders are either manipulating to the upside or they are selling pressure. It drastically reduces the chance for any other size to exit with liquidity. (You'll retort that they can't sell for 2 years, but I will say that no one else can either, so it is still 50% sell pressure every 104 weeks)

If this a was a corporation where a larger fish could come buy it, then it might be okay. You might be able to argue that Facebook will come buy the insiders' stake but then how do they run it as a blockchain without inhibiting competitors and open source.

You see eventually an open system will compete and win.

Closed system have inherent systemtic disadvantages.

I wouldn't be complaining if the insiders took maybe 5 - 10% and had it locked up until they issued the free signup  accounts (validated as real humans who did not abandon their accounts). But the insiders get theirs no matter what happens on the follow through.

P.S. I am not attacking smooth. His stake is very small compared to the Steemit Corp and major insiders. Smooth is apparently one of the largest whales who wasn't an insider. Afaik, smooth had no input into the mining launch method. He is a bystander who saw an opportunity to mine. If we the political hacket MOB steal from smooth by saying what he did was wrong, then it is analogous to forking Ethereum to bail out those who lost to the DAO cracker. Changing the rules ex post facto, is the antithesis of fairness. If smooth had made loud noises during the ninja launch, it probably would have just forced Dan and Ned to do a premine. I don't think they would have changed to fair mine in any case, because note they relaunched when they didn't get the percentage of the tokens they wanted (due to a crash on their servers or something).

I do feel Dan and Ned deserve to make some money on this. They have done an important experiment and are demonstrating some aspects we are all learning from. And they will earn money on this. So it will all work out the way it is supposed to. The free market will balance out the outcome.

My stance is smooth got his reward for being very active and aware in the community and also for being a miner and involved with exchanges and generally being informed about all aspects of the finance side of crypto, as well as having a very calm, methodical demeanor and a high reputation in the community. I ignored that mining/exchanges/finance/trading side of crypto, because I am more purely focused on R&D and marketing (and also because my energy bandwidth has been too limited to do physical things such as mining or even cloudmining). Each of us has our strengths and weaknesses (or focuses).

I had some initial bewilderment bordering on bad feeling because smooth had sort of talked me out of taking Bitshare's group seriously back in 2015, when I was thinking about aligning with them. So I was a big shocked when he got rich from mining on theirs. But after more reflection, I realize he was sincere in all his communications with me and he simply saw an opportunity and grabbed it. I also realized I have to think for myself and can't put too much weight into any one person's analysis. But I still will read smooth intently. Also the more I study the design of Steem, the more I realize I wouldn't have been able to work with Dan. We would have fought. I would certainly have been kicked out.

Let's see it this way: Do I get any FB, twitter, reddit shared for posting? No. Do I care who controls their shares? No. Why would I care about who owns steem? As a user it doesn't matter (I have never bought steem except as a trader, so I don't see it as an investor).

Only for investors do these things matter and even then, we know that they are backing projects with ICOs, premines, centralization etc etc. They'll do their due diligence and invest accordingly.

r0ach and Dafar,

The voting and reward system is critical to both long-term sustainability and also to crossing the chasm from an initial grouping of minds to a diverse set of sub-communities.

I am putting thought now into how it could be done another way. Popularity contests (determined by those already on the site) are not necessarily correlated to the "quality" of content we want on a site like Steemit.

Yeah Steemit will ride a bubble at least and there is unlikely anything any of us can say which would stop that pumpy aspect. You've got a lot of blockchain fanboys (and their one degree removed relations) who want to believe. So the emotional fuel is there to drive it. And the large rewards are able to tap into the hindbrain without the user even realizing (admitting) it. Money can create an emotional of "we are giving love". The hindbrain changes this from "I am a greeding motherfucker who wants mine" to "I am spreading the love". This delusion will work for a while as pumpy before the dumpy.


And the hindbrain also works with the other hindbrain aspects of the person such as the economic incentive to support "causes" such as feminism (which can be the bimbo brigade factor, not saying that is the case though):

https://www.google.com/search?q=site%3Aesr.ibiblio.org+feminism

(That link doesn't make Eric nor myself a misogynist!)

This is why I am contemplating moving entirely away from voting as the metric of post quality and rewards.

Social networking needs to be fun and allowing people to join like-minded communities is probably a crucial aspect of that, so they can avoid the friction with those whom they will not agree.

The politics of the younger generation are not the same as my X gen. There were some blogs on Steemit explaining that from the female perspective. I shouldn't be required to commune with people who I have nothing in common with.

Edit: this comment post I think reflects the dreams of many blocknerds to retire rich on a beach with a sexy girl(s):

https://steemit.com/travel/@heiditravels/bom-dia-portugal#@benjiberigan/re-heiditravels-bom-dia-portugal-20160725t230223956z

Which explains the high vote counts for travel posts by pretty ladies.

(Btw, I am almost already living that life living in the tropics with a sexy babe, but I have other problems)

Perhaps I should have done my Kimdot.com impersonation video (although our body fat differential is extreme, and I'll need very short ladies to make me look tall) on a tropical beach sipping MaiThais with 6 sexy bimbos in bikinis before hacking my reputation on the site. Ah no problem, I'll save that for when I launch my competitor site.

That is what I thought you were saying. And my point is that the tiny amounts don't matter due to the power-law distribution. I argue, where the 20% who accumulate 85% of the wealth, will need to start powering down at some apex point.

https://www.theguardian.com/commentisfree/2011/nov/11/occupy-movement-wealth-power-law-distribution
https://www.newscientist.com/article/dn7107-why-it-is-hard-to-share-the-wealth/
http://physics.umd.edu/~yakovenk/papers/PhysicaA-299-213-2001.pdf

It seems perhaps that downvotes have a disporportionate effect on ranking. I noticed that after the three downvotes on my blog post that had at the time 150+ votes and $900 of earnings (which ended up  later cratering to $400), it was farther down in trending than posts with less votes and less earnings, as if the 3 downvotes were weighted more by that trending ranking. In other words, it appeared that the downvotes impacted the trending rank more than the earnings.

Upthread you attacked me claiming I didn't admit I was wrong and implying I had an orders-of-magnitude worse error than the person who I corrected and he corrected me as well.

I explained that I did admit my error but he didn't admit I had pointed him to his error, and I also showed our relative error rates were only a double +34% vs. -76%. So you had pie on your face.

Now you refuse to admit you are wrong by judging my person because you are emotionally offended when I do my analysis (which you call "FUD") on an inanimate object which you are in (what I think is delusional) love with.

Also I want to back up and explain something to you about when I am working 18 - 24 hour marathon sessions. I've have been battling a chronic illness for the past 4+ years after an acute eruption May 2012 (at least, actually started minor nagging symptoms in 2008 reaching remitting chronic by 2011). Although I can't be certain as to the cause (and it could possibly be an accumulation of effects, such as the steroid drops I took for most 2000 to save my blinded eye and other exposure in the Philippines such as being infected Dengue and the numerous bouts with dysentery and amoebas), I strongly suspect that my illness could have been precipitated when my ex-wife infected me with a high strain of HPV on one last ill fated rendezvous in 2006 (which was also in the same month was sister was allegedly murdered by her drug addict husband). I think that because I was horribly ill for 6 months after that, plus my ex was later diagnosed by her doctor as having a high strain of HPV; and I didn't even come out of the hotel room for a month and missed my sister's funeral. 2006 was a bad year for me and my life went downhill from there. 2000 was also a bad year because I was in 3 surgeries to save my eye after an incident 12/1/1999 which has blinded my right eye. In 2006, my coolpage.com was winding down in sales and I had planned to start a new career move, but everything got fucked up by that one ill fated decision to meet my ex-wife to empty a storage unit we had shared from when we last "lived together" in 2002 in Corpus Christi. TX. (Note I don't do drugs) Most of the time I am not feeling like a normal person feels. The brain doesn't have the energy it needs so it struggles. It is not quite a headache, but it is a feeling of lacking energy to roam with the mind. Every thought requires energy. Every action (even getting up from the chair) requires energy. Everything is struggle. Now before in 2014 and 2015 (and even first months of 2016), I was in such a bad condition that I couldn't even muster the energy to accomplish much of anything at all. I was struggling to find the energy to tie my shoes. I would sit in the sofa and stare at my shoes for a few minutes before pushing myself to put them on my feet. Putting on the socks was the most exhausting part of it. Also looping the laces. Inserting the foot into the shoe was easier. Any way, I have improved with some treatments I have described in other recent posts. I am now at the level where I have pretty good energy some of the time, but I also have this feeling in my brain like it is tired (as if my energy is competing against the damage that was done by the years of illness). I often wonder if I have Alzheimers because now sometimes I can't remember what I did a few moments earlier. This impacts my ability to do complex things in my head as I forget something I just thought about. But other times I feel more normal, but still not 100% turbo mind as I was accustomed to in my life before this chronic phase of my illness. Note I do think I am improving. My athletics are starting to get quite good lately and this will be shown if ever I post my recent videos. My illness is something tied into the gut and auto inflammation. I don't have access to the best medical facilities here in Mindanao, Philippines (and I can't afford to go any where) so the only thing they were able to diagnose thus far is fatty liver and roughed kidneys. But they don't know what is causing it. As soon as I have enough funds, I want to go outside the Philippines to get proper medical diagnosis. I suspect maybe a tumor. I really don't know. I think perhaps fungal infection or chronic viral infection. HPV is known to lead to other complications after 10 years. Also when I had the ruptured acute peptic ulcer in May 2012, the acid burned all my organs in my abdomen and perhaps the h.pylori bacteria leaked into my abdominal cavity. I have most of the time some baseline hum of pain in my gut too. And the gut is always my limiting factor when I exercise as it will start to get so aching or weak that I lost the ability to continue. Yesterday on the boxing I was in beast mode and really feeling it but at about he 6 round my gut brought me down to the ground. I got home though and I was feeling like I wanted to go more rounds, very intense feeling which makes me very happy because it is the former self and I really miss that competitive energy and strength. Thanks so much to the universe for letting me start to taste that again. Maybe I am not too old and can get back my extreme athletics that I love.

But I am at least fighting well now and seem to be making improvements every week gradually. I have much less downtime due to Chronic Fatigue Syndrome (CFS) past weeks (or maybe it is 2 -3 months now). Again my head feels like it is spinning (round and round) and I can't remember everything (the brain is not 100% recovered and I am pretty sure I have Multiple Sclerosis-like scarring although I haven't done and can't afford to do an MRI, so got to hope that is improving now which i think maybe it is). Now I am just at the stage of not being able to go full blast, but at least I am not wallowing in bed with CFS as I did most of the latter half of 2015. And I am starting to get some of my fight back. I was able to run every single day. Yesterday I was boxing your face in the gym and if the contorted heavy bag and bits of glove all over the ground is any indication, you had no more face. For me (perhaps it is my Cherokee or perhaps the Welsh/Irish blood), it is important to release these frustrations. Much better on the bag right than on a real person. The attention to detail I guess my German blood. I don't know what traits I get from my French blood. Or perhaps that is nonsense and I get my personality from random mixing of the genes and my environmental upbringing (which is another story as Steemit exhibits we all have a back story). I think the "introduceyourself" story telling on Steemit would be a lot more authentic if it wasn't motivated by big payouts for sob or blocknerd-affiation stories, but then I guess it might shift to people boasting about their achievements. But bottom line is that what matters in terms of content is the goal of onboarding for the ultimate goal of microtransactions ecosystem.

Btw, I planning/hoping to use some of my earnings from Steemit to send my gf and her sister back to finish college (starting Oct 1, they will work outside until then). So they are extremely happy about that. And so I can get some quiet around here during the day so I can focus on marathon coding sessions.

I have no health insurance. And I prefer it that way. I hate to leech off the government. I will pull my own bootstraps if I can just have the energy to do so.

I was going to comment on that here, but decided to let someone else do it first since my post count has been so high. My specific comment said something about the 80% premine with something like 40% going to a few guys on the inside. As far as I know from smooth's posts, that only 40% of the 80 - 90% "pre"-mine was allocated to free signups (and if their dysfunctional voting system doesn't cross the chasm, they will never reach to 20 million signups allocated which thus increases the insiders' relative portion of the "pre"-mine to greater than 40%).

Also the apparent 80% attrition rate means most (32%) of that 40% of that initial "pre"-mine will be unspendable (lost) money, thus decreasing the effective money supply (and market capitalization but coinmarketcap.com doesn't appear to realize this) increasing the insiders' share of the "pre"-mine to greater than 50%.

AlexGR, I should have wrote about this "lie" on my "Lies about Steem and Steemit".