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RE: A Line In The Sand: Bailing Out The Exchanges That Got Into Governance
So, criminals that stole their customers money are going to no longer provide services to the Steem community if we 'continue to run wild'? I will weep bitter tears should the entire world not condemn these scoundrels that have fraudulently and criminally taken the money of their customers for purposes of political skulduggery while owing those customers and the entire market a ficudiary duty to protect those very funds.
Anyone that is so foolish as to ever again put a single satoshi in the hands of such provably corrupt thieves deserves to lose it and more.
Fuck those exchanges, and fuck you.
Not like Steem can fall to much further if it does get delisted from the 3 exchanges that used others money as if it were their own. I remember buying in when it was above 2.00 each, lol. Binance also seems to feel they are able to keep coins that belong to US based customers who were dumb enough to leave them there due ot the assurance they would be able to be withdrawn at any time, just not traded there.
I hate banks. I am glad my hatred of banks has kept me from using them at all for a decade, and that has kept me from using exchanges, which I'm sure would now be resulting in a hatred of exchanges. I hate hating.
It can go a lot lower. Sub penny is in our future if we lose support of major exchanges.
When I say it can't go much lower, I say that in the context that it is already so low it isn't worth selling already.
While I don't agree with freezing Justin Suns stake, I can't pretend that I was in agreement with his plans to destroy the steem token (which also makes it worthless) and replacing it with a token on his chain, which will make it an untradeable coin for most of us in the US who aren't trying to hide shit from the government. He can say it will be listed on his exchange (poloniex), yet last I checked those of us in the US aren't welcome there (nor at Binance).
As for exchanges, I came into crypto distrusting them and have seen nothing since to make me trust them now. They are thieves who use KYC laws and lack of regulations to do whatever they want, and until such a time as one steps forward who feels honor is something that belongs in the cryptosphere I don't see much in the way of mass adoption as many of us don't like rich assholes deciding they can keep our shit. Screw the exchanges, they have done nothing but prove my distrust is justified.
Even if that was the plan, it hasn't appeared to be the plan for a long time now. It's also entirely possible (likely?) that the new coin had more value than the previous coin, if nothing else it should be a non-event, value wise.
If you are fine losing all your investment dollars here, keep on with this line of thinking, that's where this is going. A loss of major exchanges will eventually lead to a worthless coin.
I value my freedom, and the freedom of others to speak the truth, upon which my life itself depends, far more than the contents of my wallet.
I don't care about token value compared to my free expression, and neither should you, if you're smart. Your life depends on it no less than mine, and partiuclarly now when pandemic stalks you and your children, and the enemedia is stuffed with lies and propaganda.
Live free, or die hard.
Are there not numerous other blockchains that offer exactly that? Though with far less value than steem currently? If steem loses it's value, it's no different than hundreds of others.
Steem's emulators aren't Steem. Our community has arisen over four years from the original paradigm evolution Steem created.
Tokens are no different from those other chains. This community is unique, and the source of Steem token value.
Before the latest drama, that value was around $60 million (total market value) with only a couple thousand active users. That doesn't sound like a lot of real world value?
You horribly misunderstand the value of society. You neglect that society is proceless, and it's economy is not the purpose of it. The value of the economy is but a fraction of the value of society, and this retarded misapprehension of value is what has been killing Steem for years.
Every time some tweak was undertaken to fix the economic woes, the society was further devalued in favor of the economy, diminishing the society that creates the economy, and thus diminishing the economy.
Mike Tyson once said that Don King would sell his momma for a dollar. Steem keeps making the Don King move, and that destroys society, which destroys the economy. After you sell your momma for a dollar, your momma's not worth a plug nickel - and neither are you.