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RE: @thesloth @thedumpster @thedelegator @steemservices @danknugs @nextgencrypto @berniesanders You can't flag me if I don't post anymore

in #steem7 years ago

Satoshi's bitcoin lies dormant (he never sold any?), and so is most of dan's and ned's STEEM.
The difference is that Bitcoin will rise over time, and STEEM may probably never exceed 1.9$, and IMO is goind to descend.

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The difference on Steem is also that high-SP self-voters (and their flocks of sycophants) circle-jerk rewards to themselves. The people at the top of this dung-heap are still going to get (a substantial) something out of this dodgy endeavour even as it all falls down. That's the point of an exit strategy.

There are much fewer accounts than you think that do not deserve their SP: they either premined it (founders), mined it (invested real assets, energy and cash in the system and allow it to work), bought it with their own cash, or earned it (only in this case there may be undeserving exceptions, and still some of these deserve it).
Since STEEM is a shitcoin (unlimited amount) , there has to be interest rate on it, and even then I heard it still does not completely cover the cost of its inflation.

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