RE: Why I'm selling my Bitcoins and altcoins for STEEM/Steem Dollars and starting to build my Steem Power up!
> 2. Has this crypto been circulated fairly? I would say yes
How do you figure that ??? My understanding is they did a ninja/sneaky "pre"-mine and obtained 80 - 90% of the money supply for the insiders. They allocated something like 40% of the money supply (last I checked 59 million tokens) to give away for free to signups. I read on Bitcointalk.org that they cancelled the first launch and restarted because some of the servers of the insiders failed and they didn’t get all the tokens they wanted. So what makes you think it is fair???
Even it is not certain that the 40% given away will not be 80% abandoned accounts given the apparent 80% attrition rate which I showed in my last blog post.
Sorry to be a killjoy, but I am just trying to be factual here.
Well the "giveaways" are as vested Steem Power, so it amplifies the network effects of Steemit as an ecosystem if all new users have SP growing and contributing to the votes.
Do you have a source for me to look? No worries about being a killjoy... it's much better to be a Realist.
https://bitcointalk.org/index.php?topic=1427230.0
Will investigate, but I've added it to the OP for awareness. Thanks