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RE: A Line In The Sand: Bailing Out The Exchanges That Got Into Governance
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.