If My_Holdings go up 3-4 times and price goes down 2-3 times, I'm in the green.
According to coinmarketcap.com, in July 9th, price was 0.0006 and marketcap was 30mn. Right now price is ~half, at 0.0003, and marketcap 38mn.
According to coinmarketcap.com, in July 9th, price was 0.0006 and marketcap was 30mn. Right now price is ~half, at 0.0003, and marketcap 38mn.
Yet my locked-in-a-jail SP has declined in value from $6000 to $1000...
Eh, not from July 9th - you are talking somewhat later (say 10 days?) when price per STEEM and marketcap went 10x.
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And moreover because the rewards are not attaining sticky adoption and there is very little speculation incentive due to the lockin, thus the market price is not moving up enough to offset the dilution of my share.
Your (investment) experience is such relative to the price spike. The experience of an investor that came prior to the spike (say early July) is different. Inflation has not been a problem for him, and he has a profit - despite the halving of the price.
Agreed, but that doesn't mean control over the blockchain necessarily has to gravitate to centralized, yet for Steem and Bitcoin it does (and every blockchain designed thus far). So I hope you understand why I still think I (as a developer) have something very valuable to offer to the crypto-currency movement.
You need to unconflate the two in your analysis. That is one of my many epiphanies.
You need to unconflate the two in your analysis. That is one of my many epiphanies.
Perhaps if I see a real life example I might be convinced.
If Steemit Inc magically converted all Steem Power to Steem and gave it away to the users, most users would say "oh free money, let me cash them out"
Except if you locked it up.
Yeah, and the trolling that goes like "ohhh the whales are powering down, O M G, they are dumping millionz", would now be about the powerdown of the ex-minnows that now cash out the same SP
The "wealth distribution" most are complaining about is how to get free SP and cash them out. They don't care about shares. And even if you give them 1/104th to power it down per week, they'll take it.