RE: Thoughts from an airport
Hello @acidyo
I totally agree with some of the issues you raised here. And that's human beings for you - greedy and ruthless. There is a threshold to how much greed could define a man. Unfortunately, while very few thinks like you, thousands think the greed way. And that's very unfortunate. There are lots of hardworking Steemians with quality contents who don't earn 3sbd in a week and the fortunate few, out of sheer greediness, are bent on moving out hundreds of sbd per day.
You're only a human sir, you did what you have to do, and I don't think anyone could have stood idly and watch while events unfold before their eyes.
On sbd being pegged at 1$,...i think this is the best decision developers of Steemit Inc should take a serious stand on. Otherwise steem risks being rendered worthless by frequent hike in the price of sbd.
The good thing about the price of Steem is that the higher it is the more SBD is printed daily pushing the price further down. So eventually it should go back down to it's peg. The worrying thing is that there are some noob traders out there placing thousands of $ into it without knowing what it is or that it won't reach the prices they are hoping for, it could cause them to at some point dump all their SBD after they realize what it is and cause a short term price of SBD to be under $1. I'm sure there will be a lot of traders wanting to get back into SBD if it goes under $1, though so it's primarely just the ones pouring in money into it now that will be losing out.
The good thing about this is that it is giving those who trust the platform and the currency Steem to succeed in the long run a chance to increase their stake faster than those just dumping it for something else. The bad thing is that it has disincentivized most of the platform to curate properly and instead self-vote to the max.
I have to say it has been hard to remain at the current self-voting I'm at, I believe it has been at around 10-12% in the last 3 months seeing so many others collude and self-vote. I am glad I've made some good trades though placing it all on Steem when SBD was so high and profiting from Steem going up as well, wish many others had done the same.
What an educative response....
Thanks for exposing this truth to me... Really an eye opener. Grateful for this.
@eurogee