Viewing a response to: @doitvoluntarily/re-laonie-my-proposal-reduce-the-withdraw-channel-from-104-weeks-to-104-days-or-even-104-hours-to-make-steemit-less-like-a-ponzi-scheme-20160909t030109206z
It is true. They've got to pay developers, and there are a good dozen of them, which is a good million and a half or two per year. They need to pay administrative costs, legal costs, HR crap. It's a full fledged biz. There's maybe a wee bit of overhead! So we do need to cut them some slack. However, I haven't decided whether @dan and @ned are in it for the long haul or not. If I were them, I'd want to build a legacy. I'd want to be the first cryptocurrency to be a long-term, self-sustaining, stick-it-to-the-man system that defied banks and government influence and gave strength to a new way of being as a culture. That's what I'D want. I like to think this is the case for these guys. Watching them on vids and interviews, they strike me as the type who'd prefer this to succeed long term. There's ego at play here. I think it's an impressive thing to build. They seem to ferociously reward anarchist material. They seem to really be driven to outdo bitcoin's unstable model. I like to think they are in it for real. But on the other hand, well, then there's all that filthy stinking money. And it's theirs for the taking. Um....you'd better REALLY believe in the cause not to power down.
| author | littlescribe |
|---|---|
| permlink | re-doitvoluntarily-re-laonie-my-proposal-reduce-the-withdraw-channel-from-104-weeks-to-104-days-or-even-104-hours-to-make-steemit-less-like-a-ponzi-scheme-20160909t054743393z |
| category | steemit |
| json_metadata | {"tags":["steemit"],"users":["dan","ned"]} |
| created | 2016-09-09 05:47:42 |
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| root_title | "My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme" |
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I cannot speak for other founders, but I can tell you I am firmly committed to finding free market solutions to securing life, liberty, and property. Founders need to be secure in their own life, liberty, and property in order to make long-term plans without fear of the day to day price movements. This means diversifying my own investments to make sure that regardless of what happens in the economy and/or steemit, I have the financial stability and safety net. If 99% of your net worth was tied up in a speculative investment such as Steemit, do you think you would diversify? Diversification is *risk management* and has nothing to do with confidence and/or belief in any given platform. I believe very strongly in what we are doing here.
| author | dantheman |
|---|---|
| permlink | re-littlescribe-re-doitvoluntarily-re-laonie-my-proposal-reduce-the-withdraw-channel-from-104-weeks-to-104-days-or-even-104-hours-to-make-steemit-less-like-a-ponzi-scheme-20160909t184422489z |
| category | steemit |
| json_metadata | {"tags":["steemit"]} |
| created | 2016-09-09 18:44:21 |
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| root_title | "My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme" |
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| merej99 | 0 | 1,840,200,937 | 100% | ||
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Thank you for your reply. I/we appreciate it. Listen, I get it. I'm not entitled to any money. It's not mine. I didn't invent this brainchild. Nobody owes me anything. I don't expect a payout. But I'm sticking around. I believe in this thing. I'm friggin' stoked about it. I'll manage to figure it out. But just like your powering down doesn't necessarily mean you don't have any stamina, my NOT investing my cold hard cash doesn't mean it either. I've already dumped my meager earnings into SP thus far. I'm in it to win it. But if I had come on here less-informed, I might have dumped a fair bit of my own money on the exchange. And then what? I'd be right pissed watching it go to @berniesander's sock puppets. @dantheman, what is your plan? @smooth is always sticking up for you. Either he's got some kind of dog in the fight, or he knows you're the real deal. In some ways it feels a bit like a pyramid, watching all the trending votes go to users like @msgivings, who are bot-written, bot-voted, and plagiarized. I don't want to criticize anything about the platform. I have no room to talk. Last time I was able to invent a blockchain, and a social media platform, and combine them INGENIOUSLY together in a way that self-inflated, while also paid out freely WITHOUT external revenue, inspired others to get some personal freedom from being a part of the model, and cultivated new ways of thinking about our culture--was...well, NEVER. I am not worthy. I just want to think that you are the icon I think you are. That's all. Not just a money bag with a genius brain.
| author | littlescribe |
|---|---|
| permlink | re-dantheman-re-littlescribe-re-doitvoluntarily-re-laonie-my-proposal-reduce-the-withdraw-channel-from-104-weeks-to-104-days-or-even-104-hours-to-make-steemit-less-like-a-ponzi-scheme-20160910t070711398z |
| category | steemit |
| json_metadata | {"tags":["steemit"],"users":["berniesander","dantheman","smooth","msgivings"]} |
| created | 2016-09-10 07:07:12 |
| last_update | 2016-09-10 22:56:39 |
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| root_title | "My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme" |
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Downvoted because of your ignorant comment.
| author | berniesanders |
|---|---|
| permlink | re-littlescribe-re-dantheman-re-littlescribe-re-doitvoluntarily-re-laonie-my-proposal-reduce-the-withdraw-channel-from-104-weeks-to-104-days-or-even-104-hours-to-make-steemit-less-like-a-ponzi-scheme-20160915t224728995z |
| category | steemit |
| json_metadata | {"tags":["steemit"]} |
| created | 2016-09-15 22:47:30 |
| last_update | 2016-09-15 22:47:30 |
| depth | 5 |
| children | 0 |
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| root_title | "My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme" |
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Money to pay for development comes from 'steemit' account which was created for that purpose, not from the founders personal accounts. It is far bigger than the personal accounts (in fact the account holds about 50% of the entire supply) and it has also been powering down and selling, though to a large extent on the internal exchange. Not entirely though.
| author | smooth |
|---|---|
| permlink | re-littlescribe-re-doitvoluntarily-re-laonie-my-proposal-reduce-the-withdraw-channel-from-104-weeks-to-104-days-or-even-104-hours-to-make-steemit-less-like-a-ponzi-scheme-20160909t071245600z |
| category | steemit |
| json_metadata | {"tags":["steemit"]} |
| created | 2016-09-09 07:12:45 |
| last_update | 2016-09-09 07:12:45 |
| depth | 3 |
| children | 1 |
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| root_title | "My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme" |
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Less talk. More transparency.
| author | littlescribe |
|---|---|
| permlink | re-smooth-re-littlescribe-re-doitvoluntarily-re-laonie-my-proposal-reduce-the-withdraw-channel-from-104-weeks-to-104-days-or-even-104-hours-to-make-steemit-less-like-a-ponzi-scheme-20160910t070801765z |
| category | steemit |
| json_metadata | {"tags":["steemit"]} |
| created | 2016-09-10 07:08:03 |
| last_update | 2016-09-10 07:35:27 |
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| root_title | "My proposal: reduce the withdraw channel from 104 weeks to 104 days or even 104 hours to make steemit less like a ponzi scheme" |
| beneficiaries | [] |
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