Smooth seems to have found a way to game the system
Look at his balance https://steemit.com/@smooth/transfers
He already owns $ 5 Millions at today's market price. Insane.
Look at his balance https://steemit.com/@smooth/transfers
He already owns $ 5 Millions at today's market price. Insane.
He acquired nearly 1% back during the "sneaky mine" phase. You can understand why he wasn't willing to attack this coin the way he normally attacks pump and dump scams. That $millions bought his "I am not omniscient about the potential future not being a disaster" attitude.
Btw, smooth is cashing out roughly $50,000 per week. (assuming your $5m valuation of his SP is correct)
Is that a meritocracy
You can see why he would have an incentive to not speak about how it will be a disaster for those who invest in SP now (requires a 2 year lock up cashed out over 104 weeks), while he is cashing out every week. Chaching. Fools please buy Steemit and give your money to smooth.
I did not ever tell anyone to invest in Steem. I think the long term prospects for the value of the token are not great. I've told the developers of Steem that. I've told people on my crypto social circle that. I've posted that. I don't know what more I can do. I did not support the sneaky-mine and said at the time that I would not promote the coin to crypto speculators (although kind of an easy promise to make since I never promote any crypto coins -- my best guess is all going to zero, though at different rates). It was, however, far more transparent and than the Dash instamine or the Bytecoin hidden premine. For the record, when I first stated that opinion (after the initial mining) it was worth approximately nothing, so the the alleged current market value has changed nothing here.
That said, I also do not think it necessarily will with certainty go to zero, and people can do their own analysis and reach their own conclusions. Hell, even Auroracoin and other pure garbage (nothing person to Auroracoin devs) still has some value. Steem has more merit than that.
Hey dude! Why do you waste your time jutifying yourself to nerds on a crypto forum when you could be in your private yacht sipping mojitos with lots of bitches ! Tell us all to fuck off and go spend your millions! That's what i would do anyway.