People are Capitulating
It's almost unavoidable at this point. Just about everyday I see someone throwing in the towel. Either because they fear the upcoming changes and thus feel as if they need to at least walk away with something, because chances are everything will go to zero, or it's someone who is experiencing personal turmoil and thus needs whatever cash they can get their hands on.
All time Lows
This may not be the case in USD, which let's face it, it's really what we all worry about in the short term, but it seems to be accurate against BTC, the king of crypto. The truth is that It does seem worrying that the bleedout hasn't stopped and to to see some people losing hope, is disheartening.
It's not unreasonable that some people are choosing to sell at market value, even at this loss, because they rather ride the wave up on another token, or even chase BTC. But the move in my opinion is just as risky, if not more. I can't tell how many times I've lost money for chasing uptrends.
The 50/50 issue
I've talked about this before, and I guess it's getting old, but the truth is that the problem is is not really there. Yes, at face value it seems like content creators are going to get less for their work, a smaller percentage of the pool, but people say this, without considering the price of STEEM itself.
To put it simply, I rather have 1% of a million dollars than 50% of ten. What these ideas are attempting to do is to increase the floor valuation of STEEM. Yes, I guess we could frame it as "the people are overpaid" but that's a strawman argument, or at least it's one sided.
The issue is that STEEM is not attractive enough to investors, at least the way that it's working today. So to say that we must do nothing, that no change is required, is to passively say that everything is peachy, and I don't think that's a true assertion of the situation either.
BUIDL
Because we have options today, it's not entirely correct to say that we are at the mercy of a handful of powerful witnesses. Yes, when it comes to consensus, the upgrading of the blockchain itself, etc, they will be the ones who will accept or reject the upgrade, but it doesn't mean a community member is out of options.
If for example, you believed that we should pay more to content creators, that the split should be 90/10, you could start a Tribe using STEEM ENGINE, and give the experiment a go. It's not free, I'll grant you that, but from what I can tell, there's enough people upset with how STEEM will be distributed, that amassing the funds for this effort might not be too difficult.
Maybe you've noticed Palnet already, and how well it seems to be doing with the 50/50, and yes, I will grant you that we are early on the distribution of Palcoins and thus it's hardly a good time to slam the gavel, but it's also fair to point out that the experiential value of steemians on Palnet is excellent. Everyone is having fun, and in the end, that is just as important.
If you are leaving
I bid you farewell, I'm not one to play tribal games ironically enough. I don't think the game is over, as some say, not by a long shot, and I'm ready to see what's around the corner.
Regardless of what happens I regret nothing. I've written more than I thought I ever could, made friends, and learnt so much about money and economic systems that my victory is completely independent from the story of how MenO became a crypto millionaire. Not that I would hate it, but again, that's not how I measure my quality of life.
MenO
You are exactly explaining my own feelings but far more eloquently then I could. It is no surprise because I know from the many times we have been in voice chat we have the same outlook on Steem as a Blockchain.
Whatever happens the Steem Blockchain has given me something money can not buy - I have made friends around the world I would otherwise never had met and learned the value of sharing time and the importance of helping each other achieve a common goal.
Posted using Partiko iOS
When there is blood in the streets concerning an obviously viable product that is the time to be paying the most attention.
Show me one website that rewards content creators more than Steem does. 50/50 curation or not.
Im close myself. I just don’t see how things can change here
I hope you stick around, we need nerds and I say that affectionately.
The crypto community is on drugs.
I know youre writing this to get feedback where you can discern what the folks whose opinions you value think..
A way to position yourself in your own mind. ☺
Heres what you should think..... Crypto is a junkie and its drug is hype.
Posted using Partiko Android
If you want to destroy an economy, all you really need to do is introduce a lot of chaos and uncertainty. These these changes bring a lot of both. Along with those, you have the perceived unfairness of the 50/50 change. Doing nothing is one thing, but doing everything at once is worse. People WANT incrementalism, despite what the devs say what needs to happen with respect with the exchanges. Everyone is fretting about "muh investors", but the product here on Steem is the creators, and if you drive them away the best of intentions won't matter.
I think incrementalism is the way to go, but as we both know, that seems to be falling on deaf ears at the moment. The truth is that life is a gamble, and yes we are taking a big leap hoping to land on our feet. I don't know what's going to happen, I do hope for the best, but "real life" happens offline, and I don't intend to let the drama of these conversations rob me from enjoying time with the wife, a good meal and my family.
We agree more than you think :)
For sure. My life is much better now that I’ve abandoned the larger social networks.
Posted using Partiko iOS
I believe that the idea for the 50/50 split of HF21 is to get more people to actually curate instead of just selling their voting power to a bot. I know that a lot of steemians either don't want to manually curate, or don't have time for it, but the 50/50 split gives manual curators the opportunity to earn more steem for their curation efforts. It's for that reason that I'm not upset with the coming hardfork.
That's the idea. I hope we get to this point where people actually begin to manually curate, because that would be incredible for the blockchain when it comes to getting new users and getting them to stay here.
It's always good to see 'giants' choosing to stay. It gives some of us the courage to stay. I keep saying that Steemit is a global village where I have met the most diverse of friends. I am lucky to have been dragged here by curiosity.
I have been seeing the drama too which says a lot because I try my best to avoid it lol, I've been dragged into giving my opinion only to be told I'm wrong and its a sinking ship and by all means, you have your opinion.
People give up on various platforms every day and that's the natural user churn, we have a small community so when someone decides to call it quits it seems like a big deal. I've been here just shy of 2 years and I've been through HFs and mass exodus and big accounts leaving and I don't think its the end of the world.
I think patience in business is key, your first 5 years is basically survival and proof of concept and on this scale and with decentralisation it's hard but not impossible. I think that the whole earn and moon has got people thinking crypto was an easy way out from their current situation but its not the case yes there are people who made major gains in a matter of weeks or months but they are the exception, not the rule
you are right! I think so too.