You are viewing a single comment's thread from:
RE: BTC - Return to the mean signaling a lift off is imminent?
Steem is a weird cookie. Id base its failures on the base incompetance of Steemit.inc.
I dont think there is any DPOS or POS blockchain out there that can have their main dev team make so many mistakes and still be standing.
That should be proof of how resilient Steem is.
If steemit.inc did nothing, put in a marketing effort and simply killed the inflation we would still be in top 20.
As it stands now wer in a really good place moving forward. We will need adjustment but as a 3 year old blockchain theres so much kore to expect from Steem. Where was Btc at 3 years old? Where was Eth?
Posted using Partiko Android
Well ETH is a bad example as it only launched about 8 months before steem did... but I get your point. :)
And the inflation is interesting. I feel like the inflation is needed to bring people in, but if the inflation is too much it crashes the price which causes people to not touch it. It's a delicate balance and one that wouldn't be as much of an issue in a bull market, but in a bear market... it's well... a bear!
Sure. But eth released full featured. Steem didnt. Smts are something that was supposed to come in its first year.
The bull market is short. Since the bear market is now almost 2 years long inflation hurts the price greatly.
Posted using Partiko Android
Good point. I mean it only took 3 years for the beta tag to be removed from the flagship app, though, with all the changes still being made it's arguable that the tag probably still wasn't ready to be removed. :)