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RE: Part 2: Is Steemit.com a Speculative Bubble or a Pump and Dump?

in #steem • 9 years ago

Steem: blockchain
STEEM: core token of the blockchain
Steemit.com: company leveraging Steem for their own good.

That said, steemit.com is not liquid, not traded and not even a crypto currency!

9 years ago in #steem by
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     9 years ago  

    Sure, but since steemit.com runs on the blockchain and elements rely on STEEM market cap, steemit will be buffeted in the same winds.

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       9 years ago  

      I don't think it's exact to say steemit.com runs on the blockchain. It takes some of it's data from the steem blockchain but it's not entirely on the steem blockchain.

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         9 years ago  

        From my understanding with discussions with @ned and @dan, Steemit.com will add more customized services that do NOT run on the blockchain but seprated their platform from potential competitors! One example would be payed slots where authors can pay steemit.com to virtually upvote their posts for a more prominent ranking.

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           9 years ago  

          One example would be payed slots where authors can pay steemit.com to virtually upvote their posts for a more prominent ranking.

          ewww. I hope they come with a label, but I'd rather that didn't happen at all.

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             9 years ago  

            This bot detected images from a legacy source and decided autonomously
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