RE: How to Mine Cryptocurrency 2018
When you say "No One" I disagree. However, I do acknowledge we don't seem to have many who can think past a very short term idea of gains.
Business people pay people to clean. Because no one wants to eat in a dirty restaurant. They don't pass on cleaning because they don't make money on it. Obviously, everyone will want to keep costs at a minimum.
Sure there are a few abusive whales and I agree you are nowhere near some of the competition. Our decay in price shows the short term thinking by many who call themselves investors.
If you don't take care of an investment... You most likely lose it.
I keep thinking some people around here will wake up.
5 steem worth 10 dollars is more valuable than 100 steem at .07 cents.
We are losing value, losing engagement, bleeding end-users and falling hard down the coinmarketcap list. There is not a single metric that suggests growth or that we are keeping up with the market.
Too bad no one considers that divestment vs. Keeping up with the dumbest stunts on the trending page.
We don't need passive investors to want to drain it, we need engaged, intelligent business minded people who want to build something sustainable
Even then, is this post considered abuse compared to the other simple ones? This is supposed to be a simple funny post: the context is fairly original, people like it, I'm distributing stakes and attending to my organic curation by visiting their accounts, and I'm not sure I'm being singled out here when there's a gazillion others which are way worse, with no engagement, that doesn't even impart anything, not even willing to participate in conversation. I know what I'm doing.
Not sure why I'm being singled out here, maybe (just maybe) it's latent racism *cough*, but okay, that's stretching it.. maybe.. you'd never know *wink wink* but alright, I agree it may not warrant hundreds taken from the inflation. However, just take a look at trending now. Alright just being dramatic here, definitely not singled out.
We've been saying the economic incentives is the problem. People will just never trust each other enough not to be the sucker. You see this action in all the whales and just about everyone else over the past year. They're abusing to the max every moment they can. Vote buying is just the same as exchanging votes, self voting, vote selling etc. They're economically equivalent under the current setup. No one will change. Maybe they're reinvesting just as I am even though I've not bothered enough to do what they're doing to make the inflation totally useless..
Not many are even acknowledging the real problem in the first place, which is the econs as I have explained it to @therealwolf above. People will maximize, period. The point is to align this maximization behavior towards the benefit of the platform. That's what some of us been trying to say all along, even comes with its own proposal.
In the meantime, I will continue maximizing whenever I'm free, whenever I see fit. I'm just keeping up with a less diluted stake so I can continue supporting communities and accounts and blogposts I'd like to support. Welcome to flag my stuff. But if people not doing it on others who are doing it as well and at scale, I'd say that they're inconsistent.
But anyway, it's just mathematically futile under the current circumstances. That's linear economics. You seem to have accepted it. Many seem to have as well. Just embrace it then. There's really no point harping on what others do at the moment other than abuses just way worse than this "abuse". I'm way more divested than most stakeholders btw, I know what it is to support communities that are engaged.
Making my post look so uncool lol, sheesh. But glad for the conversation. I wouldn't wanna repeat myself over and over again though..
Racism? haha, that's funny. Anyhow, I guess I picked on you, because I expected better from you because you had set a standard.
I'll revise my expectations.
haha thanks. too much standard and i'll have my own stakes diluted at max speed, so had to adjust.. promise i won't go too far :o)