jaycodon

Yeah, I hopped in a little each day just to see what was up. And I have a friend who signed up, so I was reading his stuff. But other than that, I haven't really seen much. That's what I'm hoping to change.

That's very true. The ability to pressure them has increased significantly. It's why I believe Bitcoin is lucky that Satoshi left. No one can be pressured.

Wow, that didn't take long for @ranko-k to down vote it. I wonder why...

That's a big question of mine as well.

That's pretty legit. I didn't realize I could stop powering down. That'll be helpful.

Part of the way that happens is if we have a truly liquid market. Right now, the price is inflated because 98% of Steem is locked up. It's important that the market can handle people selling their currency.

That would be really interesting! And your voting power would be the sum of all wallets unless you had started powering down. I can dig it!

That's very true. You can be optimistic while also diversifying yourself.

No, unfortunately. But I would love if I could. I would love if I could say, "Ehh, I'm ready to start liquidating my position in this." Even if it's only 50% or 10% or whatever, for some of these

Yes, but at some time, there is an opportunity loss. For example, if someone who could never afford to lose $100,000 now has that in Steem, are they not missing out on an opportunity to diversify by taking

Having seen a lot of your work, Andrew, I'm excited to see what your audit shows. I'm skeptical about Steemit, even though I want to believe it can succeed. Here are a few things I want to understand:

You're not wrong there. But what about longterm? Or are we all just doing as much as we can for short term gain?

The free market implies that there is an exchange of currency. So if you vote up this story, you are losing something because of that vote. Instead, if you vote up this story, you'll receive something

And if that's the case, then people on this site are going to be very rich. To be honest, I'd be happy if STEEM was worth $10-20 by the end of the year. If this created new millionaires, I'd be ecstatic

I was a fan of Ethereum until the hard fork. Now it has lost its censorship resistance. How can I be sure they won't do that again?

Are people actually paying for it though? What do I lose for saying that an article is great? In true commerce, I lose money. But in this, what do I lose?

I think the DAO could have been great if it had been small. What Ethereum is trying to build is REALLY hard. But people got greedy. Alas, that's the cryptocurrency way. :/

And isn't that a little concerning to you? I'm not opposed to this site being worth more than reddit, but you have to ask: why? I like Steemit. I just like to ask why something is worth as much as people

Since I only believe that people should hold ~5% of their investment portfolio in bitcoin (more, I suppose, if you're super risky), I wouldn't hold too much steem. Though, if you equate it to an early

You are completely right about that. Though, if no one is investing in the coins, what's the value for me? And if there is no value for me, why use the system? The markets are such an interesting thing.