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RE: ONO Platform a serious contender to take on Steemit
yeah I'm the same, my biggest post was around the same value, but steem wasn't as cheap at that time. I donated it all to Centrelink as ABB had just set it up for us all and I was all gung-ho about trying to build it into something huge
If you don't power down, the increasing SP cost of Mvests acts like an ongoing revenue source, even without increases in the steem price.
I think the problem with indefinite payouts is that it exacerbates the early mover advantage.
There are enough people complaining about having to compete with established authors as it is. Imagine if they had to compete against those authors' entire back catalogue.
First-mover advantage is a difficult area. In the early days of a network it drives adoption, and is used as a marketing tool for that very purpose. But if allowed to get out of hand, it limits the growth of the user base in the longer term. (That, and I'm pretty sure it's distinctly un-egalitarian).
It's like VC funding vs blue chip shares. You have to get more bang for your buck early on, or nobody's going to embrace the risk.
Agreed
No pain , No gain
Gotta break some eggs to make omelettes
other cliched risk related quotes
w.r.t. ONO specifically : China + Social media has an unshakable big brother color to it !!
You just need to win the war against yourself. You need to love big brother.
If I am able to win the war against myself it is highly unlikely that I will end up loving big brother.
