Post
Topic
Board Altcoin Discussion
Re: What do you think of STEEM?
by
iamnotback
on 24/07/2016, 21:49:59 UTC

I know you are excited to find a blockchain app that you can use for writing and expression("get rich instantly" deluded groupthink). But there is no way the world is going to adopt a blockchain 80% owned by the Larimers Incorporated.

Also I think I have explained that the incentive for long-term investors is not very good, because they must lockup their investment for 2 years and there is as yet no clarity on how this exponential debasement model will ever be funded.