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RE: The Virtue of Selfishness on Steem
I think it's healthy to have these conversations. Ultimately I'm not worried about Steem.
The tech is solid, and the market will discover that in time. I do worry about people who cash out a large amount of STEEM for only a small return. I don't shame or guilt anyone for doing so, but I absolutely encourage everyone to hold if at all possible, for their own sake.
Yea -- Agreed. I think that sort of situation is mostly about a lack of options, or a lack of foresight. It's pretty obvious that the amount of money you can get from a short term thing, and the amount of time it takes to get it out, and the amount of effort it takes to build.
When I first started I thought this would be a great source of working capital for my art business, but I'm seeing more and more that it probably works better as a long term deferred payment / investment account.
People need to successfully long term plan, and secure funding elsewhere so they can let the investment account accumulate and mature -- .
That's for sure.
Thanks for the comment.