Lol, don't you know that has been the plan all along.
If we actually fixed the things wrong with this financial system things would be upended.
That is not in the plan of the elites, who control steem like they control everything else.
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I actually believe their intentions are good, including the witnesses, but they can't seem to get out of their own way. I mean they would benefit much more from a higher steem price than a low one, even more so than the rest of us would.
It's as clear as the nose on their face.
Their actions are beginning to say this debacle is intentional.
They kicked out the blocks on abuse so they could extract max roi, and dump it, but now they can't figure out why the price is so low?
Nah, this was planned, as is the doubling down.
The sad thing is some of us will still be here when it is all ashes.
I still got golos, post once in a while.
Smdh.
...see my above ^ repy! lol
The actions of steem fit your/my paradigm more accurately than any other explanation...
.......but imagine if they knew it wouldn't sustain itself because the model was fundamentally flawed.....
Then it would be just a case of wealth transfer to 'them', before it imploded...Just sayin'
Even if it's not an outright sham, if it ends like an outright sham, what else would you call it?
There is very little evidence that steem wasn't intentionally kneecapped, and plenty that it was.
The reward curve was worked out before the coin went live, but the power struggle was just getting started.
Now look at us.
The abusers are winning.