Topic: Steemit how can this thing be workable long term? - page 29. (Read 32368 times)

Nonsense in the Steem whitepaper:


Email isn't a monetary transaction. Therefor a fee on a non-monetary transaction would of course introduce an extra hassle. But a small fee taken automatically from a monetary transaction is not analogous to the email example.

I drilled a hole in that sort of fantasy already (see below). So you've confirmed that the business model I deduced for Steem (see below), is the one Dan is working on:

I didn't waste my time reading deeply into STEEM but that is fucking hilarious though! hahahaha

The great iamnotback after trying to bury my last post of this page in the previous one, now is resorting to out of context techniques? 

Nevermind, it's obvious you are in a difficult possition, you still didn't answer my post, no wonder you tried to bury it in the previus page, but I will agree that STEEM rising too fast too soon might not be that good afterall, so I will leave you to your "work", you might be offering a good service for the long term survivability of STEEM after all. 

That is correct, I did not invest any money in STEEM. I earned my way in by posting and curating content.

I did however buy STEEM and power it up into STEEM power with the STEEM DOLLARS that I earned from said content creation and citation. Why you you ask?

To me it is play money, and it is inflating at about  the same rate Bitcoin did for its first 8 years. Thus, if Bitcoin (and Litecoin, etc) can survive that then I think it is possible for Steem to survive it too. That gives Steem 8 years to figure out a more sustainable model. I think it is even more possible for Steem to sustain that ibflation, because I think it is growing exponentually faster than Bitcoin is. Or, at least recenttrends indicate that it will.

I agree with Smooth on this... no one can tell the future. Although the economics look bad now, there are ways that they can be improved. I previously mentioned paid advertising, but there are other ways as well. For one, Dan is currently developing a Steem marketplace which could also bring in lucrative profits to make the model more sustainable.

I think it has more of a chance to succeed than other decentralized markets, because the Steem social networking platform's usership is exploding. I don't see that explosion slowing down anytime soon, as even though Steem is getting beat up on Bitcointalk.. most of that usership has never heard of Bitcointalk (or cryptocurrencies for that matter).

This gives any other profitable features built on top of the Steen social network a huge advantage versus other blockchains. Take for instance Open Bazaar, they are simply a decentralized marketplace and nothing more. Once Steel's marketplace is up and running, it will start out with exponentially more users than any of its competitors. Ebay is so successful because of its usership. Users will be attracted to the markets with the most buyers and sellers.

This advantage can be applied to other profitable features as well. The social network can be seen as the marketing arm of a Steem conglomerate. Steen could become the Google or Apple of blockchains, and that is why I reinvested what I earned in SD into SP. I may be willing to invest speculate in more SP with my own money based on the off chance that happens IF I had extra disposable money I didn't mind losing (which I don't at the moment.)

What rock you been sleeping under. No you can't. You are locked into the Steem Power playjailground for 2 years and required to do remedial community service labor of curation to get your maximum ROI.

I couldn't make it any funnier if I was making this shit up. It's actually true.

I am hoping someone will make a Bruce Wanker video on this.

Wait, you cant cash out for 2 years?!!?!??! L:OLLOLOLOLOLO!OL!O!LO!L!O!L@KO!K@O!

Even Steem's whitepaper admits it (Freudian slip?):


But click my link for the thorough details.

Lol, you bagholders have your SP locked up for 2 years and the price is declining. And so you want me to stop posting the truth. Brouhaha.

I warned you.

---

But even you recently admitted you didn't invest any of your money into Steem. You are just extracting money from it like everyone else who is smart.

I don't think you'd be willing to invest and lock up your money for 2 years?

Btw, I will try to explain to you sometime why my history with Dan from 2013 in this forum, causes me to expect that he will produce economic models for designs which are Communist, Fascist, and/or Socialist. He has this mindset that he can control the aggregate with a global model enforced on the block chain. I remember one of his ideas from 2013 was to pay everyone an interest rate payment. I explained to him how stupid that is for a crypto-currency. I also explained to him that reputation leads to centralization. Etc.. Of course he was hard-headed and he never relented. And we argued. Charles Hoskinson couldn't even deal with him.

Pretty much, hence the anti-steem crusade. Jelly donuts for all!

Rather than show the current price, which is subject to huge swings and fluctuation, it shows the value being based on a 10 day average of the STEEM price.

This is meant to give a more accurate estimate of what the tokens are worth. It is off quite a bit now because STEEM has been pumped pretty hard the last few days. A correction seems to be happening, so the value should be more accurate after the market settles down a bit.

Fwiw... I may be off on the 10 days thing.. Maybe its a week... it is something like that, I can't remember.

The technical and design errors in Steemit keep piling up (just read my posts over the past 3 pages of this thread):


Note that Steemit is only using PoW to select one of the 19 witness for the main DPoS consensus algorithm:

STEEM too expenive now, we have missed the train guys

move along

Stop posting nonsense, and irrelevant links and info, I made it red bold for you in case your eye vision is not that good. You are cornered and you are spending time with nonsense until everyone forgets about your bs. Btw it was about time that dwgscale11 guy to show up, did you call for reinforcements? is he part of the 1000 people/connections you have and supposedly would sybil attack STEEM?



^^^ You religiously avoid to to give an explanation to your... "behaviour"

more nonsense...

Steemit's white paper explains the design intentionally tricks users into doing more work than they will be paid for:


Let's build a social (i.e. "feel good") network by abusing our users. Yeah that is a great idea! @dantheman you are the man Dan. Brilliant ideas! I dare say you must be a genius.

Brilliant minds congregate together:



The guy on the right is the lead developer of Storj. You can review his brilliant design in a discussion he and I had recently.

The seated guy on the left is the one Bruce Wanker talks about.

yes i understand  
locking the fund also enable the show to go on for few more years as it attract more noob like me LOL

EDIT: i do really considering making account at steem and make insulting post about monero so ppl who hate monero can vote my blog...
 LOOLLLL

EDIT2 :: uh maybe not... it will make me look like these https://steemd.com/@dnaleor

I mean he is forced to remain silent, go soft, and (by doing that lend) support to a project which intentionally misleads its user base and attempts to place its investors in a jail to force them to become menial laborers (content curators), because he compromised his values for money.

In short, he has no more ethical high ground any more. Which he sold for a few $millions (assuming he can cash out before it collapses).

He can not criticize any thing I choose to do on my project. I will remind him he already sold he ethical standing to the devil. He has lead the way and shown all of us that we should do what ever we can to maximize the money we can get, regardless of ethics.

Btw, I salute him. I am an anarchist. More power to him. I hope this is the end of his (or let's say Monero's community) moralizing crap. Altcoins are not church. Instamines, premines, stealthmines, PoShit-Stake consensus systems, and what ever any one wants to do. Let them all suffer the free market outcome of their choices.

r0ach and I warned about Ethereum in the Ethereum Paradox thread. Smooth was conspicuously absent from that thread. I never saw smooth heavily criticise Ethereum. Yet those of us who did, were correct. smooth was all over Dash like flies on honey. Obviously because it was the competitor to his Monero project.

I've learned that humans are always tied to their vested interests, and I suppose that includes myself also.

nevermind if he can withdraw 50.000 usd everyweek,  he still richer than me in just few month...  i hope he make a good use of his money.   

You are just another delusional victim.  Good luck gambling on a hyped scam.  Hope you get your tesla with a "steem" vanity plate like you're dreaming of on your $500 investment in a shit coin. Lmao