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RE: My Statement on Tron's Acquisition of Steemit
i spoke too soon
little did I know the drama factor amongst Steemian is so great...they (as in the majority of top 20 witnesses) had to start a shit fights against an 800lb gorilla
very soon, we'll all be sitting on a pile of dung
This hasn't been an easy day for me.
You and me buddy.... probably most of us. Justin has a cushion of >1 billion USD, honestly the whole Steem blockchain could be a mere tax write off for him.
I know. It's play money. Dude is probably just trolling us all out of boredom.
It may be play money to him, but to the the exchanges, they have a duty of liquidity to their millions of account holders
Justin did make 1 Very Big Mistake with his version of the soft hardfork, he reduce the power down time to 24hours (to convience the exchanges to give him sole top 20 witness power). So until all the former top 20 witnesses find a way to heckle all the exchanges to pull in votes to get get back control... everyone now has 24hours (until Justin Sun loses the top 20 position) to fully powerdown and stay liquid (or keep their crypo in BTC) so they at least have a poncho when the shit really hit the fan
Btw. Most don't know this, but whaleshares drop in value during the witness war was something in tune of 99.898% and until today it's still unresolved. Steem just has to drop to 1/10 from 2500 Sats just before this started to a mere 250 Sats (it's still a nice 2100 Sats now) before all the exchanges stop fcuking around.... in 6 months time if BTC is > $20k, you probably could buy back > 200K worth of Steem with BTC. Also if Tim Draper is anywhere near accurate, we should see 250K BTC by late 2022 or early 2023, at btc price 8K to 250K, you would do great even with 1 BTC ~ quarter USD Million.
Best case scenario, the witness gains back a majority % of power cause Justin is an idiot turd bag with lots of Steem, we can still powerup all the liquid Steem in 3 seconds.
Part of his strategy is to make powering down fast and easy. He wants people to power down. He knows they will. I'm sure there's a brain in that head somewhere. People power down, witnesses have fewer vests backing them.
I don't know what I'm going to do, when it comes to money. I didn't plan on touching this for a long time and I don't like gambling on market predictions.
I don't open up to people much here. My life isn't that great. Doing the art and entertaining people from time to time, that's what kept me alive these past few years. I didn't have much to live for before all this. The place literally fell into my lap. It all just became a challenge I wanted to conquer. I don't know what more I can do.
This place made me wealthy at one point. I was able to convert a little bit into a lot back in 2018. Plus I still had nearly everything here. Stroke of luck. The well is running dry though. I didn't waste that treat either. Very simple life. I didn't think it would get this bad. By summer I might be screwed. I think I'm already prepared mentally to lose everything and be on my way. I tried.
I'm sorry to hear. All our struggles help us become closer and better to one another, I feel those who have too much or live in indulgence, they lose touch with humanity. We all wish we converted more back in start of 2018, it was the first for too many I suppose, you were wiser and more prepared than most then.
Also you might be in luck, according to 10 years of data, the 2 years btc bear market is coming to an official end, and to think it's almost 9K in a bear market, can't help but wonder where it will all go; when we look back in 12 months, I think we will be pleasantly surprize.
All I know is technologically, there has been leaps of innovation, VC are now pouring in moneys to create different strains of lightning network so it's a fraction of a $0.01 and faster speed. It helps that adoption is taking hold as more and more folks lose confidence in government and elite entities feeding corporations like Justin Sun's tron foundation with endless printing of baseless fiat that citizens and communities didn't willingly support but had to adopt. Honestly, I would think it make sense to keep some of what you accumulated crypto in BTC, if not at least 1 whole BTC then a quarter or half will set you right in the coming years.
btw. If you live to serve, then you lived an honorable life, and worthy too. We have nothing but meaning and pride in what we do in life. I can think of nothing better than service to others, or in other words your life of some meaning would be the envy of millions without.
For your viewing pleasure:
btw. Justin doesn't want people to powerdown, he wants people to buy Steem and keep the price up. He has to change the powerdown to 24hours to applease his exchange / elite community to keep the rich happy. If they really believe there is no risk of losing value by keeping their millions of funds locked up for 13 weeks, why are the forcing Justin to keep his promise of a 24hour powerdown?
I'll think about what you've said.