To Hold Or Power Down? That Is The Question.
Is it the Year of the Trojan Horse?
Or is this simply the consequence of complacent Steemians/devs sitting on their hands, aside from hyping legacy work, pumping, and farming from the pool?
Who knows, but it's nice to see everyone uniting, even if it may be too late.
So what are you planning to do with your SP?
Is the writing on the wall? If not, do we need to endure FUD and risk of epic proportions for greener pastures?
How much faith do we need?
Do we need to hang on to prove we're good Steemians?
My side:
With a modest 7,090 SP, I'm not sure it's a good idea for me to hold a bag right now.
I've worked way too hard to build my SP and follower base organically from nothing. I don't want it to go to waste if this acquisition causes Steem to go extinct.
A Tron-Steem replacement token doesn't have any appeal at this time. Today's AMA and the laptop battery ruse showed me what I needed to see from our new leadership. If there is a Steem>Tron transition, hopefully my reputation and friends carry over to rebuild with for fun.
Alternatively, a Steem fork also doesn't appeal as it feels like it'd be too little too late. I also feel that key Steemians had years to unite, collaborate, and exhibit a sense of urgency to grow the chain and/or more applications. With chaos and STINC bought out, I just don't see things getting better on the Steem side. People are stranded and there will be far less resources. Some large accounts that could help and friends I appreciate (half the reason I'm here) are also currently powering down.
Fortunately, a slow power down cycle will give me time and opportunity to get more insight. I simply don't want years of effort to be for nothing on the fiscal side outside of shipping liquid rewards out from time to time. I honestly prefer to salvage what I can into extra BTC or ETH since these tokens will hopefully rise to let me buy back in with better leverage in the future once we know more.
I hope some will feel comfortable sharing what they're feeling about their SP holdings.
It's important to be able to support others with votes, but it could be a race to zero, regardless of how much Steem we earn in the near term.
Sorry, I'm just not that into Tron.
P.S. I've never hit the power down button before and never thought I would. This is weird, so I'll sleep on it. Yes, I'm that emotionally attached to this blockchain.
Honestly I'm gonna keep doing this and see what happens next. I'm sure there will be some positives to this partnership. Hopefully I'm right! :)
I would have powered down and abandoned ship in late 2018 if it weren't for a few friends I made here.
In January of 2019 I was introduced to Steem Monsters and was hooked pretty quickly. I soon discovered that I enjoyed it a lot more than blogging/writing and that it had more potential for me to earn Steem. I was right and I ended up earning over 2000 SP from playing in 2019. I still check in to Steemit mostly to upvote and comment and keep up with friends.
I view yesterdays news as fantastic. I'm hopeful and optimistic that the Dapps in the Steem ecosystem such as Steemit, Dtube and, Steem Monsters will fit in nicely with Tron with its emphasis on entertainment and gaming. I also realize that the new leadership can be a bit eccentric and that this whole thing could go up in flames. But at the same time to me the old Steem felt like a slowly sinking ship anyway.
Wait..2,000 Steem from playing the game? That's awesome. Can you please elaborate?
You can earn cards as well as its in game currency DEC just by playing the game. DEC you earn can be converted to Steem (or other crypto). When you earn cards some are more valuable than others. It is random and most days the cards you receive are only worth a few cents. However, twice last year I got really lucky and won cards that were worth about $70 a piece.
There is a marketplace for buying and selling the cards. Last year the price of Steem was sinking and the price of cards was going up. So by selling off cards that I had earned, I naturally accumulated large amounts of Steem.
I only had around 50 Steem when I started playing which was from blogging / commenting back when Steem was worth several dollars.
Sorry I was a no show in the second iteration of your reps challenge. I was working out frequently at the time. I just didn't feel like counting and typing up reps. I always enjoy reading your posts and in particular I like the baseball ones the most.
I have about 10 booster promo sets from conferences and even Comic-con I've been tempted to use but sat on. The thought of earning Steem from game play is very appealing, although it sounds like I'd have to invest $ to get cards that make playing worthwhile - or allow me to be eligible to win nice cards. Thanks for explaining and nice job.
No worries about the workout challenge. Baseball posts will be on the way soon. We're about 30 days away from the first scrimmage before the season starts. We have a solid team this year and many of us have gotten in far better shape than in previous years to boost our game.
Yeah I don't think it's worth getting started at this point for several reasons.
Cool, your baseball posts will be the only baseball related stuff I see this spring since I'm boycotting MLB.
I don't have a massive stake by any stretch of the imagination, but at this stage I'm prepared to hold on for the ride. As I understand it, the Steemit interface to the Steem blockchain is what Tron has acquired. There are other interfaces we can use. Steempeak is a great one, and of course the Steem-Engine tribes also have their own. It's just a matter finding the one that best suits what you want to accomplish.
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They've acquired the company STINC and a ton of SP that STINC and Ned controlled. They now have a lot of voting power to influence the system, and if they steer Steem development into integrating with Tron, Steem witnesses could likely be obsolete and lose control. For now, casual use won't be impacted, but the bigger pieces will be once the dust settles and pieces start moving.
I guess there's really only one person who truly knows what Justin Sun has in mind, and that's Justin Sun
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The way I see it things were getting better and better recently, but Steemit inc still seemed to be slow to deliver. So I can only hope for the better with new leadership and strength to promote Steem
I agree, but will he promote Steem or Tron's integration of Steem's features? I guess I'm just low on hope after STINC milked us along for years and then cashed out 100% after they "finished SMTs and communities" to maximize their valuation.
Well hopefully the stench of stink will evaporate soon and things will be getting better.
One thing is for sure, if things would have been run differently, Steem would have been recognized for what it is a long time ago, and the value would be a hole lot different. Let’s hope this will be a real turn around point we’re there is no further let downs
Did you listen to aggro's PAL show?
It doesn't sound that bad!
I'm going to PD a couple of week's worth so i've got some liquid funds but I'm keeping most of it powered up, for now.
Oddly I just bought a few more hundred too.
In short I don't know what to fucking do!
I did listen for a while, but some people don't change, even if they're sounding positive now. There were many years for these talented leaders and devs to do more with this chain they "love," and panic/rally cries to save their cash cow doesn't feel that encouraging until there are concrete plans.
Time will show us more, but most people depended on STINC instead of doing it themselves. Some did take ownership of growing the chain, but most didn't... just created drama and infighting, so I don't trust them now.
A couple warning signs for me (didn't listen to the talk).
What is meant by a token swap? Can they force such a thing?
Steemit owns the wallets, which means Justin does now. What are the implications?
Not sitting right with me, but I'm in with house money at this point (got out my investment and put it into Cardano), but still thinking of powering down as well.
A token swap would mean that Tron would give us their version of their new Tron-Steem token, to use on their platform, and to let the original Steem token fade away. It may be a 1:1 swap, or a multiplier. I have no idea at this point, although if Steem forks in light of this, the Steem token may live on in an active blockchain.
The consensus for the token swap would be Steem losing any monetary value, as he would be merging them and has the money to get the exchanges to recognize his new token as the official Steem token. The forked token wouldn't be recognized, much like the other types of forks that have occurred with Steem, from what I've been reading.
What I don't understand is why he would buy Steemit and merge the idea into his chain. Seems that by doing away with the Steem system, it would've been easier just to create his own on his chain from scratch, as I'm sure there are many like myself who have no desire to be on the Tron blockchain. Seems this will create more ill will towards him than already seems to exist in the cryptosphere. Although his back and forth on saying swap, then not swap, then swap a few hours later again seems to indicate he doesn't really mind ill will, lol.
So much is in the air now that I'm just going to control what I can... powering down some to reduce my locked up exposure. My first power down set is available in a few hours, so it's new terrain for me, but I prefer to protect what little I have here in Steem by at least having it liquid - or trading it out. I can always earn more here on Steemit if the chain lives on, or like you, won't have much interest in hanging out on Tron's new spin-off outside of earning no-risk crypto to trade out.
I'm holding. Not powering down. Heck, I might even power UP.
What it boils down to is that Steem is the only blockchain/cryptocurrency in my portfolio for which I have any emotional attachment.
It's my "home team". I'm a fan.
Maybe that's foolish, but it is what it is.
To me, it's the one investment worth fighting for. So despite the risks, I'm gonna see where this goes.
At least, until things look hopeless beyond all belief, haha.
I oddly have emotional attachment to my main crypto, but it's more of an investment/future attachment. I agree on Steem re: the home team aspect. I don't have a lot of Steem, but the emotional sweat equity is what worries me as hopefully not being a complete waste outside of some friendships I've made along the way. We seem to get the writing on the wall with Steem often over these last few years, but it's never quite been hopeless beyond belief. I'm not holding my breath for things to improve, but I guess I'll just try to enjoy the ride socially for now with less staked.
My thoughts are yours. Doing a slow power down to take in potential price movements. To risky and to much time to have it all thrown away but even it is what a ride its been!
What a ride it has been. Question since you're an ANON account: Have I ever met you before or seen what you look like from an other account?
i powered up to get over 5000SP just 2 hours before they announced that ned sold it all :D
no idea what will happen. we need a lot more info. From that live video at moments it looked like Sun has no idea what he got (it is strange to spend millions on something and to not even know what is it, i know, but that was the feeling at moments).
What's done is done, but that's ironic. Congrats on achieving that milestone although the celebration didn't last long!
My opinion is you may get where I am. Lots of followers but very little reward from the block-chain itself. You need to find ways of making money
that doesn't involve the blockchain itself.
Sometimes I ponder if it's stake that attracts success here or diligence in building relationships/creating engaging content people consistently like to follow. The only example I've had success with in that respect is my curb recycling posts or when I go off on deep emotional and personal topics. I do have some loyal fans, although other topics are often far less supported by the community. Thanks for chiming in.
I do not think your own stake attracts success but the stake of your followers attracts success.