Post
Topic
Board Altcoin Discussion
Re: What do you think of STEEM?
by
generalizethis
on 24/07/2016, 22:02:21 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.

I think you are failing to realize that secure, and fast, distribution of tokens between content creators (whether they're on steemit or not) is what breaks this open--you posted https://steemit.com/steemit/@anonymint/it-s-so-easy-to-become-a-millionaire-with-steem , so don't pin the get-rich-quick-mind-fuck on me. As I've wrote numerous times, I'm playing with house money and am happy to do so without ever investing a dime.