Viewing a response to: @glenalbrethsen/re-davemccoy-steem-the-bulls-vs-the-bears-20180511t182154526z
lol... I've finally gotten to your comment... and I have been meaning to tell you that we don't really get to see what the bear "looks" like when the bear is in action, but we do get to see the damage and that guy pretty much sums it up... torn shit and all :P... As far as some of your other points, I am definitely not the expert on the technical aspects of what makes ETH or BTC better than steem... In fact from what I've heard on BTC, the costs of trading it are prohibitive... so maybe it got there first and is accepted? That explains one, the other 9 people like @mudcat36 is way more on that mission than me. He makes his living off knowing that. I think you are right that steem about the value of steem as being more than steemit... I think steemit is an application and does consume lots of it, but the advocates say that steemit is really not relevant at all and the value of steem will be higher one way or the other. I know EOS is coming very soon as a rival and lots of steem believers have their feet in both camps... It should be launched very soon, definitely by end of summer and at that point (from what I've heard) we will find out a lot about how strong/weak steem will be. Plus supposedly the smart tokens and the communities that will spring up with them will also be a huge deal... I hear a lot of things, but always try to stay up at 30k feet and look at the big picture. I do know two things, that is that this is a fast moving space and there are many people with many opinions. I try to listen to everything and reflect using the things I know... for instance on your last point, I completely agree. But every bear market I have seen has always looked so bad that people do "give up" and throw in the towel. My guess is if we crack $1.5, then people will worry about dropping below $1... And if we crack $1, there will be calls for even lower. At some point you end that cycle when the weak hands give up, the questions will be when will those weak hands be gone and why will they leave in the first place. If you get any answers, please let me know... And ps... Haejin is now a 79... I don't think he is stoppable.
| author | davemccoy |
|---|---|
| permlink | re-glenalbrethsen-re-davemccoy-steem-the-bulls-vs-the-bears-20180516t043708108z |
| category | steem |
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Haejin's been at 79 for a few weeks now. He's one third of a point away from being the only 80 ever. With some additional firepower from Wednesday of last week until a day or two ago, they were consistently knocking him down to $0 payout. Then, it slacked off, started up again for a while and has again slacked off. Well, I'll let you know, but I doubt I'll hear anything before you do. You've got your ears in more camps than me. I just happen to stumble upon things here and there, and since I'm not doing nearly as much 'research' as I was, I'm pretty much relying on someone I'm following to resteem something. Speaking of SMTsโprior to Ned saying something about it at I think Consensus, had you heard about the Good Person Token that's supposed to bring account based voting to Steemit? I hadn't. It was totally out of the blue as far as any update talk I've seen. Which makes me wonder just what that means for Hivemind/Community and HF 20, because it sounds like SMTs are front and center.
| author | glenalbrethsen |
|---|---|
| permlink | re-davemccoy-re-glenalbrethsen-re-davemccoy-steem-the-bulls-vs-the-bears-20180516t045451477z |
| category | steem |
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I didn't know he was that close to 80, so you are more up to date than me :P ... and on the SMT's I have seen some chatter about them coming this summer and the convo's were around how they were going to be individually community driven and policed and the people chitchatting about them really thought they would be a gamechanger... I personally don't have enough time to dig deep enough to really figure those aspects out. I do think there is a lot of competition coming and I recognize that people talk "their book" a lot... I was also surprised that the price of steem dropped after @ned spoke again at a major conference. I don't know what he said, but some of the people that trade it for a living told me this would've been the week to soar if it was going to... So it dropping was a bit of a surprise to them... I have heard about Hivemind, not sure what it means or how revolutionary it will be. On the hard fork, I have been hearing it is coming for awhile now, I guess we will see soon enough. And no I haven't heard about Good Person Token, but I will buy one for you if its in the steem or sbd price range ;) ... :)
| author | davemccoy |
|---|---|
| permlink | re-glenalbrethsen-re-davemccoy-re-glenalbrethsen-re-davemccoy-steem-the-bulls-vs-the-bears-20180517t223826980z |
| category | steem |
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That's twice now the price has dropped after Ned speaks. Not sure why that is, since people around here want him out and about. Or at least to hear from him more often. Maybe smart money is realizing just how young he is? I don't know. I've never been able to figure out what moves markets, but it's not what makes me buy things. That's disappointing, regardless. If it's supposed to soar. Maybe it's a delayed soar. Hivemind is another layer that will go onto the blockchain to make it easier for apps to be built and access information faster. I guess there's certain things apps don't need direct access to the blockchain to, so Hivemind will act a sort of go between if I understand it right. Some are actually counting on Steemit becoming more robust because of Hivemind. Communities is supposed to come with it, which is what I think our interface is going to become. The hard fork has been ghost since the ~~party~~ Q & A in Austin a couple months ago where they talked about manually verifying accounts. Velocity is supposed to be the big deal there. The good person token is the account based voting. One person, one vote. There's supposed to be a whitelist, which I guess is done through verifying you're a real person. Why it's not being called the real person token, or something else entirely, I don't know.
| author | glenalbrethsen |
|---|---|
| permlink | re-davemccoy-re-glenalbrethsen-re-davemccoy-re-glenalbrethsen-re-davemccoy-steem-the-bulls-vs-the-bears-20180517t232827410z |
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| davemccoy | 0 | 10,797,467,701 | 50% |
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