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RE: OPEN LETTER TO STEEMIT INC., THE WITNESSES, AND THE WHALES
Ironically, one of my reasons for originally buying 5000 steem was the knowledge that my co-investors would also be locked in for 104 weeks.
104 weeks is a bit excessive. 52 is more reasonable.
Yeah, but what happens if a very expensive medical emergency, disaster happens, or you die (God forbid) within those 104 weeks of waiting? The droplets of Steem you'll be getting per week would be of little or no use.
Maybe it would not be so wise to invest that much money into Steem if you cannot afford medical care without powering down?
Frankly, this is going to depend severely on what country you live in.
@darthnava's personal experience with this is a perfect example.
If I was concerned about immediate liquidity I could buy literally any other crypto. Or invest half in each.
Maybe you are right. Thanks for the chat.
Hope you're doing well, mate :)