Topic: Steemit.com: Blogging is the new Mining - page 155. (Read 348614 times)

The only thing with respect to moving VESTS that has even been discussed is the ability to "merge" accounts, but not divide and transfer. There are complex edge cases that this exposes so it isn't a high priority at the moment.

i don't agree with the topic of the previous thread"  [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)  "

the steem pow phase was instamined like nothing i ever saw in crypto .. im not being hateful or anything its the truth ... also the price the steem should decrease with time as the supply increase and the value of vests increase i think vests will be able to move around soon or be traded

thanks for sharing this. i never saw the mentioned other topics about this project.

i almost made an account. but now i won't do it.

prices keep decreasing..step by step.
gonna see it where it goes

Verrrrry interesting.. Will be watching this closely.

The payout will be every week, not day.

Like ripple labs, steemit the company holds the majority of the crypto token. Unlike ripple, their holding is vested, and by the blockchain rules, vested steem ( steem power) has a vesting period of 1 year. Like ripple, steem requires accounts to be funded with minimum balance of the crypto token. If the user base increases, so does the scarcity of the token, increasing its value. In addition users are encouraged to acquire and  vest additional steem in their accounts, as this balance determines their voting power. Users that vest steem demonstrate a long term commitment and belief in the platform, and so naturally they should be rewarded more for their activity on the platform.

After July 4, users will be rewarded daily in a smart token, steem dollars. Steem dollars will be trade able for steem on the steem blockchain, and have no counter-party risk. The blockchain guarantees the steem dollars redeem-ability at $1 worth of steem. The white paper contains more information on how this works.

From the OP:

Steemit is a new social media platform built on the Steem blockchain where the community rewards individuals for their posts, comments and votes, co-founded by Ned Scott, CEO, and Daniel Larimer, CTO of Steemit and founder of Bitshares.

There is a saying in my native language, and there must be one for sure, in other too...
It goes like... Haters make me more strong, or famous... something like that.

Steem could be called the step-brother of BTS. It is based on Graphene, which is the backend for BTS too. Dan/bytemaster is the lead dev of both.

I saw this in bitshares are you guys related to BTS?

I turned my back on most of the crypto scene months ago, because I don't like how it's all about short term profits for gamblers and deceivers on the back of those working hard to provide value.

Steem made me come back, and even start working on new projects utilizing it. There's never been a project with more potential to break out of our small sphere and make blockchain technology useful for everyone.
Rewarding contributors, the elimination of transaction fees, the community interaction of the team behind steemit - those are just three factors out of many which make me believe in the future of Steem.

The negative posts here just strengthen my opinion, this won't be gamed by those looking for short-term profits. It's a project that will change the world, and now is a great time to get involved shaping the future.

I have been involved with cryptocurrency since 2011. I was a very early contributor to such projects as Trezor and Armory. I attended the first London Bitcoin Conference in 2012 and I still have my original Bitcoin Magazine Issue 1 (May 2012) (now selling for $149).

steemit.io and steemit.com is the number one most exciting and most likely to go viral blockchain project that I have ever seen.

The development so far has been very exciting.  If you don't want to link up your Facebook account you can pay for your account with my registration bot https://steemit.com/steemhelp/@dele-puppy/register-bot less than $3 at current prices. 

Watching the website evolve over the last few weeks has been really exciting. It is by far the easiest project I have ever tried to explain to non crypto peeps. I'm psyched to be a part of it.

Yeah, well the Larimer Gang and the Chicoms have cashed out of BTS on all the suckers and moved on to this new scheme.

Are you a juvenile delinquent by any chance?

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?

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.

+1

Let's not forget how this is the 3rd (or 4th) thread for this instamined/premined shitcoin which has launched with lies in the OP (calling no premine/instamine) and lack of instructions and wallets so 99% of the people can't mine a coin that is meant for the people (?). They even relaunched once after their miners crashed claiming a bug.

Huge additional red flags that the developers still go on with opening new topics, specially after the 4 week long (extreme short pow) is over now (only 1 out of 21 blocks is a pow block) and they mined 80-90% of the supply, which stakes for them.

Noobs please be aware that if you try and buy this coin on exchanges you will keep getting dumped on (mostly according to the funding needs of the developers since they control most of the supply). If you are really interested, play their game and get it for free on their website, but supporting this is like supporting XPY.

"The way social media is meant to be... decentralized" yeah, powered by a currency that has been almost exclusively mined by a central authority, the developers in a short period with shady tools to obtain most power. Funny.