Steemit Becoming The Monster It Was Allegedly Fighting, Soft Fork 22.8888 Censorship & Thinking of STEEM As A Trader vs Creator

in LeoFinance •  2 months ago 

I had pretty much given up on STEEM as a decentralized social media platform. I still had some faith in it as an investment. So I'm only powering down a very small portion of my SP. This is the very first power down I'm doing since I joined STEEM 36 months ago as the 258,740th account on STEEM. Even after all the drama I was considering these things:

  • We know that Justin Sun is a control freak.
  • We know that he spent millions to buy Steemit Inc
  • We know he owns BitTorrent which owns dlive
  • We know that Tron has many shills and good marketing
  • We know that the technology behind Tron is very powerful
  • There is so much opportunity to hype a STEEM + dlive partnership.
  • SMTs were already in Testnet

Above all Tron has a massive shill network that is keeping this network alive. On top of all that STEEM-Engine is not leaving STEEM. They will be operating on both chains due to complicated reasons explained by @aggroed I know that @steemhunt and @dlike are not going to leave and @steemmonster will be around at least for the short term.

Then They Became What They Were Allegedly Fighting Against

SoftFork.png
Source: https://github.com/steem-witnesses/steem/compare/0.22.888

When the first soft fork was initiated as a temporary measure against Steemit Inc accounts, there was the whole preaching about the "sanctity of private property" as well as some F-Bombs by Justin Sun. Steemit also tried to frame everything as a hack and even went on to stop the STEEM Proposal System on its tracks. I wrote about that here.

Now we have Steemit Inc itself freezing several accounts that took part in the HIVE Hard Fork and this looks nothing but a retaliation to me. This is not how blockchains should operate. Regardless of whether the soft fork by old witnesses for excusable or not; Steemit has become worse.

This is What Trending Looks Like Today

Trending.png

Daily Posting By @steemitblog

I see these 100 days of posting and announcements as a way of trying to make sure all the millions that were invested in buying Steemit Inc doesn't go to waste. Those who would care to engage with these would mostly be newcomers and not old veterans of STEEM.

Don't Rush It

STEEM is in a mess. That doesn't mean HIVE is perfect either. I see extremism on both sides and decentralization and great content on one side. Don't let the STEEM you built over years go to sudden waste. There is a 1.94% APR on your SP and there will be a bull run for crypto eventually. Even the worthless projects can get hyped when those times come.

Let Your Heart Be With Decentralization - Let Your Trading Be With Fundamentals


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  ·  2 months ago (edited)

As I told you on my reply to your comment on my post, "where there is money there are people willing to take it."
It would be great to be able to separate money from your own feelings.. but I think it’s impossible and we'll have to learn to live with that.

As long as you are less emotionally attached to money and have enough discipline, you can still beat the market.

It's absolutely true!

beautiful this post, I read it willingly. I am currently using both Steemit and Hive.

Thank you for reading!