Question answered on Musing.io by maisha

musing-threads · @maisha · Oct 31 '18

Question answered on Musing.io

<a href="https://musing.io/q/erikah/f34zvrhl5">View this answer on Musing.io</a>

properties (22)

`author`	maisha
`permlink`	p358trhl5
`category`	musing-threads
`json_metadata`	"{"app":"Musing","appTags":["Steem","crypy","cryptocurrency","investment"],"appCategory":"Steem","appTitle":"Any regrets investing in Steem?","appBody":"<p> </p>\n<p>In other words Steemit admits its money disappears fast, that defeats the whole idea of currency. A currency is supposed to be a permanent means of payment.</p>\n<p>Cryptocurrency is supposed to be a permanent, immutable means of payment. That means the SMTs might not be a cryptocurrency which is a smart reason to stay away from STEEM.</p>\n<p>It looks as if Steemit is a vast rewards points scheme for writers. The rewards are called “Proof-of-Brain” which is supposed to be pay people for brain work. The problem is that you are being paid in SMTs and not currency.</p>\n<p> </p>\n<p>The funny thing about STEEM is that it has some value right now. The STEEM tokens achieved a Coin Price of $1.34 on July 15, 2018, which is great for a cryptocurrency.</p>\n<p>That Coin Price led to a Market Cap of $356.50 million and a 24-hour Market Volume of $1.432 million on 15 July 2018. Those prices are also great, although there is no guarantee they will last.</p>\n<p>There was a circulating supply of roughly 266.624 million STEEM and a Total Supply of 283.598 million STEEM on July 15, 2018. This means that STEEM is popular.</p>\n<p>My advice for writers getting paid in STEEM is sell it now while it is worth something. If a better solution particularly one that can be converted into Ethereum comes along, STEEM is toast.</p>\n<p>Cryptocurrency investors and speculators should stay away from STEEM because it can collapse at any minute. All it would take is one blog calling STEEM a scam to go viral to crash this cryptocurrency.</p>","appDepth":2,"appParentPermlink":"f34zvrhl5","appParentAuthor":"erikah","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
`created`	2018-10-31 20:02:48
`last_update`	2018-10-31 20:02:48
`depth`	2
`children`	1
`last_payout`	2018-11-07 20:02:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	80
`author_reputation`	-251,124,712,139
`root_title`	"Musing Posts"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	74,430,449
`net_rshares`	0

`author`	anonsteve
`permlink`	f394zvhlx
`category`	musing-threads
`json_metadata`	"{"app":"Musing","appTags":["Steem","crypy","cryptocurrency","investment"],"appCategory":"Steem","appBody":"<p>Ethereum would be crushed under the kind of transaction volume Steem is handling right now. That's because Ethereum hasn't even begun to transition into Proof-of-Stake. An Ethereum-based social media would have a snowballs chance in hell to gain any traction. The only viable competition to Steem might be based on EOS. There is a lot of development taking place on Steem right now and that's the most relevant metric when assessing future potential. </p>","appDepth":3,"appParentPermlink":"p358trhl5","appParentAuthor":"maisha","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"comment"}"
`created`	2018-10-31 21:49:24
`last_update`	2018-10-31 21:49:24
`depth`	3
`children`	0
`last_payout`	2018-11-07 21:49:24
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	458
`author_reputation`	18,340,091,026,808
`root_title`	"Musing Posts"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	74,435,822
`net_rshares`	0