RE: Meme challenge #7 - Entry #1
What actions? Oh you mean the actions of helping over 400 authors receive payouts that they never would have received otherwise?
No. Im sorry. I was unclear. I mean stuffing your greedy lilttle pockets with hundreds of dollars a day in whale self-upvotes. That should be clear to all readers. My problem isn't with you helping these authors (though mostly what you did was throw them scraps) it is with you helping yourself to far more than you ever helped anyone else to.
Any compensation that any member has received has been in direct correlation to time put in on the project.
Yes, you get to decide how much to pay yourself based on how much you think you worked. And keep in mind that youre paying youself for what you expect others to do for free -- reading posts on steemit and voting on them. In fact, there are many many people who would be thrilled to do the same thing for free. but that wouldn't be compatible with your business model.
One look at your account says otherwise...
Im powering down because i think, if the price of steem recovers, it will do so after going far lower than it already is. My money works hard for me. I am not going to hold an asset that believe is likely to depriciate in value. Asking individuals to ignore thier own financial best interests to help the group is what a cult does, and I am not interested in joining a cult.
I said this when the price was $2, and everyone said 'it will never go lower than $1' and i said it when the price was $1 and people said 'it will never go below .50' you get the pattern. Like most patterns involving me having an opinion it revolves around me being constantly right and everyone who doesn't agree with me being wrong.
If steem needs people not to sell or spend it in order to retain its value, it is not a viable crypto-currency. Simple as that. because thats kind of what you do with a currency -- you spend it. If steem can't handle that, then there are far larger issues than me powering down that need to be addressed.
Also note that nearly all of the steem that I have powered down and sold is steem that I bought out o f my own pocket. Because i don't post very much, my posting rewards are pretty negligible, and i almost always give away all the money i earn from posting. (in fact, ive given away a bit more than my total posting income).
So all the "sell" pressure that im providing that you think is driving down the market, there was also buy pressure when i went into my pocket and bought the steem int he first place.