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RE: Why Steemit/STEEM will fail.

in #steemit6 years ago

I am just thinking of things like tulips and 1939 stock market crash, the price never went to zero, they just stop trading. What happens to STEEM if the witnesses unplug their servers if they are not making money?
It is not only that the STEEM itself is worth so much less it is also that there is so much less activity, they needed to make it easier for new people to transact more instead of making it harder. Bitcoin is worth like half of what it was but STEEM only like a sixth.

I was often frustrated when I first started because of running out of bandwidth but I had way more bandwidth when I first started than I do now! I blew one of my 5 transactions editing a post! I got excited when I first started because I made like $300 in my first month, today my account is worth like $270! A new person will try this and quit if they can't post or vote and if they don't clear a dollar the first month. Think about how silly my wife thinks STEEM is, no ones wife is going to be impressed!

I hope I am wrong but if it continues like this then something that works more consistently will supplant it, I hope I can get in on the ground floor of that one!
Thanks for the resteem and for using your precious mana on me!

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