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Will You Powerdown ASAP Or Wait For Selling Pressure To End?

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@vimukthi
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Will You Powerdown ASAP Or Wait For Selling Pressure To End?


STEEM is down from the highs of pre-hard fork levels. But we are still trading above the $0.15 - $0.17 we were trading at for a long while. As part of the gloriously failed asset forfeiture that has not been fully resolved yet, we had another bonus update. The powerdowns are 4 weeks instead of 13. That is almost a 70% reduction in the staking time.

Things to Consider

  • The trust in Steemit Inc is further eroded

  • Incompetance of Steemit Inc has been further highlighted

  • STEEM as a blockchain has become quasi decentralized (we still have few independent witnesses

  • Even if Bittrex send the STEEM back to owner accounts, Steemit has enough influence to seize the funds again or at least blacklist those accounts

  • @steemmonsters @splinterlands is making the switch to HIVE

  • The Tx volume of STEEM is falling behind

  • The infrastructure has been much worse than HIVE in terms of user experience (although not by a huge margin)

  • The claim for being censorship resistant is now lost on STEEM

  • STEEM only has 1 RPC node compared to 4 from HIVE (soruce: Keychain extension)

  • The powerdowns are going to be massive

  • Bittrex might have to sell STEEM for HIVE to give the funds back to the rightful owners (this is a purely hypothetical scenario)

Current Trading Volume

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  • I Will Powerdown ASAP
  • I Will Wait And Take It Slow
  • I Will HODL STEEM * Answer the question at dpoll.xyz.