Yeah I was here buying like crazy then read this. Now I'm dumping like crazy.
Lol, that's pretty funny. If you're "dumping like crazy" into a super fast rising market, why is the price going up the whole time? I'd be very interested to hear just what your huge stake is... 
Topic: Steemit.com: Blogging is the new Mining - page 142. (Read 348614 times)
Whoah.. Does Steemit creators own 80%? Any relevant articles that point to that?
I just started using steemit and thought the concept was really really cool. I had a thought of buying into steem and accidently came to this thread. Will wait for things to be sorted out then.
I just started using steemit and thought the concept was really really cool. I had a thought of buying into steem and accidently came to this thread. Will wait for things to be sorted out then.
Yeah I was here buying like crazy then read this. Now I'm dumping like crazy. Roger ver is making a similar coin in the future I will wait for that. 80 % to me screams out bad investment. Really really really really disappointed
this was a game changer but then
I'm not sure what percentage they own, but they can only withdraw it over 2 years, so there is no way for them to dump it all.
Whoah.. Does Steemit creators own 80%? Any relevant articles that point to that?
I just started using steemit and thought the concept was really really cool. I had a thought of buying into steem and accidently came to this thread. Will wait for things to be sorted out then.
I just started using steemit and thought the concept was really really cool. I had a thought of buying into steem and accidently came to this thread. Will wait for things to be sorted out then.
Wow I am not touching a currency where the devs own 80% it will crash through the floor just look at vox.
I'm out.
I'm out.
At initial launch, steem wasn't easy to mine, because it required decent coding skills to compile it and configure miners properly. Still a number of people besides steemit guys were able to successfully mine it during the first week. I was able to get my miner going without assistance on the first day of mining, but it probably helped that I'm familiar with the graphene code base used by steem (my company wrote the p2p layer for graphene).
It wasn't an instamine, but someone (maybe smooth?) referred to it as a "ninja-mine", because it required skill to mine, wasn't subject to easy mining by bots (you have to give the miners private keys, so a botnet miner would have had to risk his private keys), and the devs threw a lot of computing power from aws servers to pick up a big stake (I would estimate upwards of 5K worth). Despite all this, I, smooth, steemed, nextgencrypto, and several others were able to accumulate a decent size stake.
There was a lot of FUD generated during the launch that scared away a lot of potential miners. Most of the FUD was from steemed, IIRC (can't remember what handle he was using here on bitcointalk), who was continuing to mine the whole time he was attacking the coin publicly. I don't have the thread handy, but if you find it, bear in mind that most of the FUD posts were put up by a guy who was actively mining the whole time while trying to discourage as many people as possible from doing so. He finally admits to it late in the thread. Naturally, this didn't deter the devs from mining, so it worked out in their favor.
It wasn't an instamine, but someone (maybe smooth?) referred to it as a "ninja-mine", because it required skill to mine, wasn't subject to easy mining by bots (you have to give the miners private keys, so a botnet miner would have had to risk his private keys), and the devs threw a lot of computing power from aws servers to pick up a big stake (I would estimate upwards of 5K worth). Despite all this, I, smooth, steemed, nextgencrypto, and several others were able to accumulate a decent size stake.
There was a lot of FUD generated during the launch that scared away a lot of potential miners. Most of the FUD was from steemed, IIRC (can't remember what handle he was using here on bitcointalk), who was continuing to mine the whole time he was attacking the coin publicly. I don't have the thread handy, but if you find it, bear in mind that most of the FUD posts were put up by a guy who was actively mining the whole time while trying to discourage as many people as possible from doing so. He finally admits to it late in the thread. Naturally, this didn't deter the devs from mining, so it worked out in their favor.
Does someone have a link that points to this controversy?
Thanks
Thanks
I don't know anything about any kind of.... "controversy"
All I know is that there was an [ANN] thread https://bitcointalksearch.org/topic/annsteempow-no-ipo-no-premine-no-instamine-relaunch-1410943 and that the devs managed to fairly mine 80%
We have secured ~80% of the initial STEEM via mining. Our plan is to keep 20%, sell 20% to raise money, and give away 40% to attract users / referrers.
If you are honest and serious about your question then please read this as many times as nesecery to fully understand it(I can't stress enough how important this is!), http://bytemaster.github.io/article/2016/03/27/How-to-Launch-a-Crypto-Currency-Legally-while-Raising-Funds/ Actually I believe that you should read the linked blog/article no matter what.
Does someone have a link that points to this controversy?
Thanks
Thanks
I don't know if this has been linked already but you definetly must watch this.
https://steemit.com/blocktalk/@blocktalk/blocktalk-steemit-s-ned-and-dan
https://steemit.com/blocktalk/@blocktalk/blocktalk-steemit-s-ned-and-dan
well my buy ordersa have been cancelled until the premine thing sorted out 
Hey, no more self-moderated thread, now you can't delete my post:
I guess you'll probably lock this thread in the not too distant future and move on to the fourth or fifth thread for this, right? Gotta keep the information spread out and difficult to cobble together how you launched this "currency" I guess. Maybe you should try changing the name too, I hear that's a common tactic of worthless penny stocks and crypto snake oil to lure in more sucker...err...investors.
I guess you'll probably lock this thread in the not too distant future and move on to the fourth or fifth thread for this, right? Gotta keep the information spread out and difficult to cobble together how you launched this "currency" I guess. Maybe you should try changing the name too, I hear that's a common tactic of worthless penny stocks and crypto snake oil to lure in more sucker...err...investors.
Yeah, that's the first thing I look for too in a Larimer thread. "Is it moderated?" I guess junior isn't as savvy as Pop Larimer when it comes to pulling the wool over peoples' eyes.
I love how the Larimer Gang launched their new scam. It's hilarious. First they attempted to dominate the mining and then when they didn't due to "technical difficulties", they invalidated all the previous miners' rewards and relaunched it so they could have a second try at it and they succeeded that time. What type of a messed up joke is that? To those of you who were around when the Larimer Gang first entered the crypto scene with Protoshares, you'll remember the Larimers did a similar trick then too. I mined Protoshares from the first few blocks on the chain. There were numerous complaints on the PTS/BTS forum about people having connection issues and having their miners getting booted off the network. All the while, the Larimer Gang was happily mining away and denying that there were any issues. To this day Stan Larimer (aka Daddy Larimer, aka The Ringleader) claims this isn't true, but anyone around back then knows it to be fact that the Larimer Gang and their Chinese Communist associates were mining the heck out of PTS.
Now, they have this Steem garbage, which is a blatant ripoff of Synereo. The Larimers don't have an original idea in their body and can only poorly mimic others' creative concepts to hopefully scam a few suckers into giving them their money. Just like they ripped off NXT's PoS algo and poorly implemented it as DPoS in Bitshares, they are now doing the exact same thing with Synereo. Heck, they even chose a name that is very similar to Synereo, "Steem". I'm sure they're hoping that people get confused, because they both start with a "S" and purchase their poorly implemented scam.
Pathetic how this project has been launched and relaunched, with like 4 ANNs to spread out the bullshit. BTS at an alltime low, funding is dried up, so they launch this shitcoin with false info shown in the ANN (no premine/instamine, really?) and dump on anyone who tries to buy it on exchanges.
Also how can anyone call a website/service decentralized which pays out from the stakes of the 80% instamine/premine?
can anyone verify 80% instamine?
guys am I able to copy steemit to replace my current forum? Would I have to make a bnew coin too?
I wont stop using steemit this will always be the best but can I use it?
I wont stop using steemit this will always be the best but can I use it?
is steemit rewarding people for publishing articles on their site?
If you publish your article on steemit you will get much more attention and reward, you can ofcource post links with short descriptions from external sources with good articles but what really is in demand right now is original content I think.
is steemit rewarding people for publishing articles on their site?
What put on a waiting list to sign up to the website? should specify that will happen, thought I could test out the beta.. wasted my time.
Interesting article I picked up on steemit guys.
https://steemit.com/steem/@hisnameisolllie/steem-getting-pump-ed-will-there-be-a-dump
Steem looking really good. Was surprised to wake up this moring to .7usd. Over 300 percent up. What are your thoughts people?
https://steemit.com/steem/@hisnameisolllie/steem-getting-pump-ed-will-there-be-a-dump
Steem looking really good. Was surprised to wake up this moring to .7usd. Over 300 percent up. What are your thoughts people?
I still don`t quite understand why you need STEEM, so I "powered up".
Steem (not powered up) exists only for short term liquidity and trading purposes. If you want to invest longer term then you definitely want to power up, since earns "interest" (literally anti-dilution payments) in more Steem and regular powered-down Steem does not. Over time Steem Power will outperform Steem by an increasingly wide margin.
Quote
Is it correct that holding STEEM Dollar pays you 10% p.a. interest? Where does that money come from and is there no cap, i.e. no maximal amount that can be invested?
Yes it is correct.
It comes from the same place all steem dollars come from, the blockchain creates it according to programmed rules. There is no cap, although the supply of steem dollars in existence is limited (they are only created to pay posting rewards at a rate that depends on the market value of steem, and from interest).
The 10% rate is not guaranteed to remain the same in the future. It may be adjusted as needed to help maintain price stability of steem dollars.
FYI:limited number of pre-powered up steem acounts for sale:
https://steemit.com/bitcoin/@blocktrades/limited-time-sale-high-steem-power-accounts-for-serious-investors-only
https://steemit.com/bitcoin/@blocktrades/limited-time-sale-high-steem-power-accounts-for-serious-investors-only
Steem price getting some serious traction. I see its crossed the .4usd mark. This coin has done nothing but surprise me. I think its time to buy some steem and get in before we see 1 dollar plus figures. Well done devs
Ya man, this is going places.
Years of spinning wheels at Bitshares, then it all comes together with STEEM...
When this hits Polo it will be a Top 5 coin underpinned by a legit business model.
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