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RE: Why Does Steem Lag in a Bull Market for Cryptocurrencies?
I find it completely frustraing that so many absolutely trash coins pump whilst solid projects such as STEEM, BTS and EOS lag behind ! It seriously does not make any sense !
My understanding is that EOS doesn't even exist yet. To be honest I'm quite surprised how high EOS has gone with nothing to show for it.
thats a fair point my friend ! STEEM and BTS however are already amazing tech why on earth have they lagged behind so much ?
I think it is because the verification process to create a new account is quite long.
Because of Steemit, Busy.org and dtube. Steem is far easier to understand than pretty much other cryptocurrency out their. You don't need to know that much about technology to understand Steemit.
Compare that to BTC for example, where you get kind of thrown in the deep.
Steemit.com is the intro for most to STEEM, and it has a lot of seriously bad issues. That can be traced right back to POS, and POS generates whales, and some whales are arseholes.
And who wants to invest in a project where it is always possible and easy for a bunch of arsehole whales to cause the value of your investment to collapse?
I think most of us agree with that one. This is where the idea of burning off some of the ninja-pie would show some good faith. We're only just getting over past hurts with all the whale power downs from last year. The load needs to be more distributed, and less prone to volatility, for serious investors to want to take a bite imho.