Each to their own, I say. That's always been my motto through life. Everybody has a freewill to do as they choose fit and on the STEEM blockchain, it is open to all to see. I noticed a few big accounts from the good old days powering down and sneding it straight out the platform. I can only assume that it's going into some other blockchain-based project also promising the heavens and more to it's users. I say fair enough, but it did get me thinking...
What crypto currency would you exchange for your stash of STEEM? What project looks like it'd end up being a safer investment instead of the one this platform offers? I'm sure the opinions on this would be as extreme as the historical price movements of STEEM itself. Some would probably sooner choose anything else "but" STEEM whereas another cross section might be looking for a little portfolio diversity. Regardless, it is a gamble to some degree, which ever path is chosen. Arguably some less or more so than others.
Well, I like to work with facts and what I see is a tangible and working product. I consider STEEM to fit that bill nicely as we have an implementation of SMT's that performs seamlessly. So the blockchain is clearly robust and does what it says on the tin. Which other blockchain is comparable? And I mean that with the most open of mindsets. Which cryptographic blockchain in existence, outside the confines of lofty promises, delivers what STEEM does? I can't think of any, although I do know that technology-wise other blockchains "can" compete and in some cases outperform us, in various aspects.
So this is more of a personal interest to me, than trying to ascertain anything informatoin bearing more substances. If you are powering down or wish to part with your STEEM, what other crypto do you consider better or, at the very least, a wisely hedged bet. Would be really intriguing to find out.
Crush the price and buy back cheaper?
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I'm keeping that alternate strategy in play too, my friend. :)
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For me EOS would be my second bet but I am keeping the Steem which I already have, it's times like this that you see the true steemians that believe in this project more than for the money it represents. That said I will diversify half of newly acquired Steem, some to EOS and some to the tribe coins. It is never a good idea to have all your eggs in the one basket.
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EOS seems a solid performer too. Just wish Dan would officially rescind all his "kill STEEM" talk, lol. :)
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I would like to know which accounts are you talking about. Can you name some of them?
Thank you @ezzy!
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A few of the bigger ones from 2016. Don't wanna call out names specifically but it's easy enough to find out. :)
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No crypto but sure have swapped a bunch for my Splinterlands collection which has worked out pretty well for me!
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"Splinterlands"? Nice swap, man. :)
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Now that I see some improvements with tribes, ads, and a good business plan in place I wouldn't trade my stash of STEEM for anything...
This bear market killed altcoins, but the next bull/bear market is where the alts with use cases and good money appreciating mechanisms shine, and I now, after all the fixes, I really think STEEM might be one of them...
If you had asked me this question a few months ago, I would say I would trade it for BTC and put it into an interest platform, or I would trade for another altcoin which I'm keeping my eye on, like VeChain, NEXO, MWAT; SHA; TFD; HPB; etc...
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The bear market has caused widespread devastation, no doubt. But I'm throwing in with you, pal. The fundamentals alone make STEEM a good option. It makes sense, at the very least.
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Seems like eos would be my preferred option for now
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Sure, I can see your point of view. Although I have been hearing about their escalating system requirements for maintaining the blockchain. A future problem foe EOS?
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Source?
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https://www.cryptonewsz.com/scaling-issues-of-eos-and-their-effect-on-blockchain/10455/
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There will be issues with every blockchain related to scaling, certainly when you think about storing all of that data in the long run. Personally I don't think all the information should be stored by all block producers and that's one of the solutions being offered.
Obviously, B1 is also aware of blockchain scaling problems and solutions are being worked on.
The article also says EOS "[adds] another block after every 30 seconds", I guess they meant 0.5 seconds? A pretty badly written sentence right there... Cryptonewsz lolz!
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This post earned a total payout of 0.021$ and 0.016$ worth of author reward which was liquified using @likwid. To learn more.
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You limit your thinking of what you don't know.
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Yep, it's a crap shoot for now.
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