Topic: What do you think of STEEM? - page 4. (Read 4400 times)
i also think that is a MLM scheme, but i will give it a try for a few weeks to see where it goes.for sure the price is way above the sustainability and it is manipulated...still interesting to watch. their site is down..good sign
One thing i noticed is after 4th July number of articles went x10.
But as i understood, but i might be totally wrong, most of Steem that is traded come from POW and that was made quite fast. No matter what happen it will make few people quite rich.
But as i understood, but i might be totally wrong, most of Steem that is traded come from POW and that was made quite fast. No matter what happen it will make few people quite rich.
There are there a few similar projects out there, including one on ethereum.
I prefer things that exist and work compared to vaporware.
Maybe I don't understand that steem thing... have not taken the time to fully study it ... but my burning question with steem is:
If you invest there ... what keeps them from closing your access or the access of all the people and run away?
It looks very unsafe as an investment to me.
There is a command line client available if they do that. Just save your private keys.If you invest there ... what keeps them from closing your access or the access of all the people and run away?
It looks very unsafe as an investment to me.
They won't do that though. Their money is locked in as SP and they can only withdraw it in 104 weekly payments over the course of two years. It would be really stupid for them to do that, as the price would crater.
I think its an interesting ideea but with no chances of it being a success, if steem is only about being a wannabe social network. There are there a few similar projects out there, including one on ethereum. But there will be hype and pump so on short term it may increase even more.
Maybe I don't understand that steem thing... have not taken the time to fully study it ... but my burning question with steem is:
If you invest there ... what keeps them from closing your access or the access of all the people and run away?
It looks very unsafe as an investment to me.
If you invest there ... what keeps them from closing your access or the access of all the people and run away?
It looks very unsafe as an investment to me.
Well, like with all investments, suppose this is an investment, all is based on trust. So when the trust is strong and solid, you prosper, if not, well, hmm you know the rest...all shit go south.
Maybe I don't understand that steem thing... have not taken the time to fully study it ... but my burning question with steem is:
If you invest there ... what keeps them from closing your access or the access of all the people and run away?
It looks very unsafe as an investment to me.
If you invest there ... what keeps them from closing your access or the access of all the people and run away?
It looks very unsafe as an investment to me.
Really weird stuff this..
Website is completely uncomprehensive. There is not even a sign up button.
Also, "All" the volume (2k btc) is from bittrex only. Clearly a pump.
Website is completely uncomprehensive. There is not even a sign up button.
Also, "All" the volume (2k btc) is from bittrex only. Clearly a pump.
Yeap, i am a litte bit confused too, dont know what to think about it. I signed, got some steem or smth, but that is. I check on a daily basis what is happeing with received amount of steem and i see the value is rising, not much, but still. Interesing.
Steem is now a major contender in the crypto world as far as its value as a coin due to the fact that steemit is a decentralized social media utopia.
One simple example is the fact that someone could have had a blogger account for 5 years posting great blog content and only made about $100 from Google AdWords. With steemit you can make that in twenty-four hours if your content is good. It is finally a platform that rewards good content on the internet
One simple example is the fact that someone could have had a blogger account for 5 years posting great blog content and only made about $100 from Google AdWords. With steemit you can make that in twenty-four hours if your content is good. It is finally a platform that rewards good content on the internet
Really weird stuff this..
Website is completely uncomprehensive. There is not even a sign up button.
Also, "All" the volume (2k btc) is from bittrex only. Clearly a pump.
Website is completely uncomprehensive. There is not even a sign up button.
Also, "All" the volume (2k btc) is from bittrex only. Clearly a pump.
The way things are going right now with 500+ new users every day, we may well see $10 or thereabouts hit before a correction happens. Price momentum is massive at the moment.
Yes price movementum is quite massive currently but i don't see any reason that can support even the current 3$ price range for much time. I am expecting crash below 1$ soon before any rise again (which seems really not possible) if current movementum get discountinued.That is what everyone (including me) said about Ethereum. Truth is no one knows. It is still growing at a very fast rate, so I could see it meeting or surpassing Ethereum. If you compare the two.. there's nothing you can do with Ethereum right now. At least Steemit is functioning.
You know you are doing something right when the sock puppets make fake pump threads to make it look bad, then troll them saying its a scam over and over. Truth is they are just mad their shitcoin wasn't the one that was pumped.
Everyone is selling at Steemit market. Why is that?
The way things are going right now with 500+ new users every day, we may well see $10 or thereabouts hit before a correction happens. Price momentum is massive at the moment.
Yes price movementum is quite massive currently but i don't see any reason that can support even the current 3$ price range for much time. I am expecting crash below 1$ soon before any rise again (which seems really not possible) if current movementum get discountinued. 
The way things are going right now with 500+ new users every day, we may well see $10 or thereabouts hit before a correction happens. Price momentum is massive at the moment.
How do they stop people from paying themselves in order to push their own posts up higher?
Why is it more fun than Reddit?
Because people are competing with each other to figure out which type of content pays the most:
BitShares shit,
funny shit,
sex and tits,
dating data
data about the STEEM site
what is STEEM
what is Ethereum, DASH?
name dropping
ass kissing
as long as there's money pouring out like it is, people will keep showing up and rolling the dice, if the money dies down, then your community is about that big, and you will then need to hope that the next STEEM development is a winner (so that you can at least retain your user base):
STEEM BAZAAR, the Craig's List/Angie's List/Ebay Killer
That's the current roadmap which does not shine too far down the road currently.
So unless they can successfully mate with IFPS to be able to allow its users to host decentralized content (the only thing separating STEEM from Facebook), then I don't see this thing getting any bigger than Ethereum unless they take the PeerPlays Graphene code, and begin paying dividends becoming the first profitable DAO.
They are taking dead aim at Bitcoin.
https://steemit.com/bitcoin/@dantheman/can-bitcoin-scale-to-keep-up-with-demand-created-by-steem
The only reason is because some of us are thinking the offer of large payouts is driving the significant number of signups and we are thinking this could turn into an exodus when the funding for the payouts is depleted, if there isn't something else compelling about the site that is unique enough and that can substitute for the user's loss of incentive to receive huge payouts.
Also if the economic model of the token fails, I don't see how the Steemit corporation plans to continue to earn money to fund their development efforts. They could convert to ads, but lack of ads is one of the aspects that makes the site cleaner and more pleasant.
So what? that would only matter if you'd been focused on the money rather than having fun posting. If the site dies out in a few weeks, I'm not going to cry over it, I'll just move on.
There is no money "investment" that is required from anyone so you could forget about the rewards completely and just enjoy reading the blogs and commenting.
Personally, I'm not even thinking about the coin, if something comes of it and I find myself with some extra money fine, if not then that's fine too. I wouldn't have lost anything anyway.
Check out the services/digital goods sections of this forum. It's already a cottage industry with conventional social media.
well, yeah. that's called advertising and it pays because they're huge platforms with billions of users.
Well yeah, what did you think social media is?
and the volume is only 1.3 million on one exchange. that don't smell like the world is getting on board. eth, no matter how you feel about, was managing tens of millions across multiple exchanges.
I'm not saying that the world is getting on board, merely asking how much time do you suppose we have to make hay? Because I like hay.(1 million is *amazing* volume for something like this. It's already third coin by market cap / fifth by volume.)
Check out the services/digital goods sections of this forum. It's already a cottage industry with conventional social media.
well, yeah. that's called advertising and it pays because they're huge platforms with billions of users.
and the volume is only 1.3 million on one exchange. that don't smell like the world is getting on board. eth, no matter how you feel about, was managing tens of millions across multiple exchanges.
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