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RE: Why I Sold My Liquid STEEM Today (What I Bought)

in #steem7 years ago

It will be interesting to some respects the results of Steemit selling out a larger portion of their stake but that doesn't change the fact that witness voting is primarily reliant on Blocktrades and the Freedom / Punkin vote so it doesn't solve that issue and right now Steemit.com is the main way that people interact with this blockchain but it hasn't had a lot of changes made to it in the last couple of years.

The bidbots will still rule considering the Trending pages are still completely just reflecting the biggest stake weight vote instead of taking into consideration engagement, views, and other factors.

There isn't adequate additional revenue sources like advertisements....etc to support the ecosystem.

And for normal investors to sort of front run the situation and have enough influence on making sure you get out of here with more than you came in with you have to make a very large investment. My estimates are $250,000 invested. Then a person would be compelled to just talk to themselves and upvote themselves and sock puppet accounts puking out low effort content like Haejin