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RE: Which Crypto To Invest In - Part 3 : Steem
the last update 0.8.3 will give extra SP to a user named " Wang " which acts as a Chinese Ambassador on Steemit
It won't give him an "extra" - 0.8.3/4 is the version favoring those that have a lot now already.
I advised some people that an investment in Steem may be a good idea before, after sticking my head into the numbers I need to revise that and want to apologize if anyone did. I cannot recommend putting money into it right now.
Anyone buying Steem has to be aware that most on the market is not from content producers, but steemit and a couple of whales. 2 whales alone have been drawing 4000$ out of the market last week, and their stakes are still growing.
I don't think that the fact which implies that 2 whales used to hold a major part of Steem in the market is important as the liquid volume will be multiplied by 46 approximately according to this post https://steemit.com/steem/@hipster/perhaps-1-dollar-per-steem-on-5-of-july ( knowing that the current volume exchanged is around $14 K in the last 24h), by the way I invite you to read the whole post to understand why Im optimistic about Steem price.
Of course I read the whole article. Still not as optimistic, because I'm afraid that the fact that >25% of the total rewards go to 3 people, or about 40% to 6 people, all heavily vested already and some of them having publicly stated to not really care about the future of the project, holds off investors.
I'd prefer you to be right to me. At least the formula got a bit better for the future. We will see :)
Are you still afraid of whales ?