RE: The Great Steemit Debate: Tone Vays vs. Jeff Berwick "Ponzi Scheme or Paradigm Shift?"

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The Great Steemit Debate: Tone Vays vs. Jeff Berwick "Ponzi Scheme or Paradigm Shift?"

in steem •  8 years ago  (edited)

I don't know why anyone listens to this guy.

He's overly emotional and his rants are pretty close to incoherent. Guys like him give Bitcoin a bad name and I'm glad he's not interested in Steem.

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you forgot ARROGANT to the fucking extreme.
It comes from his false sense of self-worth his "six figure wall st position" gave him.
The are many thousands of guys like him. Not hard to find.

"six figures"? Really? Oh god, that's funny. My wife has a "seven figure" oil investment, but she doesn't presume to think she's a genius because of it.

Haha! Yeah! Because six figure ain't nothing. I blow six figures on ice cream every month!
Seven Figs? Pffff...lolcatz
Compare that to trillions bruh /s

  ·  8 years ago (edited)

what makes a person humble? I think people that are arrogant have forgotten what god simply wants of us all to be like -its to be kind to others.. you can't be kind when your being arrogant. The two are mutually exclusive =)

Good catch then... ;)

To be fair, wall street (at least post 90s) is extremely selective in the people they hire, at least for front office or quantitative jobs. So this isn't 100% accurate.
I can point that finger at back at you: what qualifies you to assert someone has a "false sense of self-worth".

Didn't seem arrogant to me, seemed very reasoned and reasonable. But to each their own.

  ·  8 years ago (edited)

That is exactly what I thought. Emotional, incoherent, and as the other guy writes. He seems pretty arrogant.

  • He's acting like he is the one whom is supposed to decide value. "your post is not worth 15.000", "steem is overvalued". So on and so forth.

Makes the points he actualy have, go away into a dark corner.

Reminds me of Mark T. Williams, the BU professor that bet Bitcoin would trade below $10 by the end of '14 and tried to make a name for himself by being critical of it.

There's now a Wikipedia entry for him where his most noteworthy achievement was being critical of Bitcoin :) https://en.wikipedia.org/wiki/Mark_T._Williams

Never heard of that guy before. But I did chuckle a little, while reading. ^,.,^

He has a point though. Not quite sure what was incoherent. No offense but this smells like cognitive dissonance.
Value in this context is relative i.e (based on similar works)
If you went on a freelancer site (e.g. fiverr) for example, you'll find that an article of DollarVigilante's quality is worth about $20.

  ·  8 years ago (edited)

You can smell it all you want. But with the comments I usually see you write, I'm not going to take this as anything but a bad attempt at trolling like always.

  • Fiverr is not steemit. So that is irrelevant.
  ·  8 years ago (edited)

Whatever. Call it trolling. I've never trolled and have always responded with evidence.
If you're not able to rebut (which clearly you're not), admit it to yourself, it'll be better for your mental health, than throwing shit at me to make yourself feel better, while you're not improving.

If you're not able to rebut

Rebut what? All you did was say "you're wrong, because I say so" Not gonna waste my time. :D

Well, if you ain't trying to troll, then you're obviously a sad existence of a human being. You're more into provoking people, than actually having an intellectual conversation. - And as I did try that with you before, where I explained why I'm gonna take your username serious, and see you as nothing but satire. Then yeah, enjoy the failed attempt at troling, @satire. ^_^

If he put the same energy into writing for steemit as he did bashing Dan and the entire platform, he probably could afford a better hairpiece


aaa07872.jpg

priceless!!!

I'm glad you appreciated it :) Thought a little poking of fun was in order.

You noticed that too?

Funny pic, but ive seen very very very well written articles on this platform with 20-50 upvotes that were barely over a dollar in value. The "whales" are choosing very specific people to empower.

@dollarvigilante covered this in one of his most recent podcasts. Similar to the music industry, there are some great musicians out there that receive very little money for the work they do. Same is true with authors. But if you keep working as hard as you can, you're bound to get noticed :)

Just because an article is well written doesn't necessarily mean it will make a lot of money. Consistent hard work is rewarded in the long term. The whales are choosing people to empower that they feel have the best future for steemit in mind.

I could write the most heartfelt thoughtful dental articles (as someone has) and it may receive a few dollars. My posts have not consistently made a lot of money, but I strive to work even harder instead of giving up and claiming the whales don't like me.

Getting deep into the comment section is one of the best ways new people can establish themselves. Most likely you won't have anyone following you for your second post unless your #introduceyourself is really well done. Taking time to establish yourself is very important.

ok

VERY excellent reply!

This is a GREAT and valuable video to the Steemit Community!
There are many reasons for this but number one is because we have a relatively renowned naysayer and hater of Steemit arguing his point.
Based on his points I find it hard to believe that there are man people who agree with this hater. None of them really seem legit at all despite his knowledge of blockchains and cryptocurrencies.
For example: One of his main points is that only 10% of steem tokens are being traded and the rest is being held in SP.
As far as I can conclude this is part of the reason why Steemit is legit. If everyone including the Whales has their value in SP this means there is long term investment. EVERYONE in Steemit is in a long term investment just based on the platform it self. No one including big value accounts can just cash out all their SP and be gone.
The next reason why it seems so obvious that Steemit is legit and not a scam is that it COSTS nothing to get involved and you can actually make money. There are very few people if any who can attest to this better than Jeff (Dollar Vigalante) as he has made over 30,000 just by posting articles and as he very clearly points out he tried cashing it out into bitcoin and it worked.....So even if all of the sudden the big players were to start to cash out everything and the value of steel began to drop you could still cash out a nice chunk of change (obviously not all) of which cost nothing to begin with.
I have done a lot of research on Steemit and while it is not a perfect platform I have seen nothing with more potential than Steemit to really create a revolutionary and very profitable community based on freedom.
So I could go on and on as to WHY Steemit is awesome but this video just seems to prove it. I have already written an article as to why I feel Steemit is REVOLUTIONARY and I don't see anything here to make me think differently.
Grateful to be here with all you Stemians!!!

The issue is that without buying STEEM POWER for BTC there wont be rewards that Jeff is getting. If we all hope just to get rewards out of posting or curating there wont be STEEMIT. Someone needs to invest!

And they will invest in order to do what? Get your attention...or leverage their sp to pay people who work hard to help them on steemit.

Not judging your opinion: If an investor didn't buy STEEM on an exchange , the price of STEEM could be near ZERO. What rewards would people get by writing posts?? Tokens with promised value? Do you believe it could attract new users to the platform? IMO an investor here is a foundation of very promising social network based on (hopefully) decentralised blockchain.

Everyone is investing by using their valuable time here on the platform.
FB has made BILLIONS off our content as will Steemit. Steemit however is paying people a fair value for their content.
Even making .01 cents per post is a LOT more than FB does.
If people use and value this platform there WILL be money to compensate people.

New, contributing, reading, watching, learning and waiting to see as the future unfolds.

  ·  8 years ago (edited)

Wait vays or berwick? Maybe both? Regardless Jeff keeps bringing in great stuff to the platform. Healthy comment sections

Vays.
Jeff isn't critical of steemit.
He's giving it the chance it deserves.

He just have a personal problem with @dan, thats it. Dont listen to this no sayer.

funny

its simple: most people are emotional. Mainly same is attracted by same, so most people are attracted by emotional people....

Why do people assume it's one cryptocurrency to rule them all. Steem, BTC, ETC, bitshares can all live a great life together sat at the family table.

I appreciate the need to create an Us vs Them approach to posts, it's creates huge traction and curative awards. Everyone loves someone l/thing to hate.

Can we all move forward now and quit these types of posts?

Completely agree, many of these cryptocurrencies have much to offer and with different focuses, with each having the possibility to specialize within their focus. One has a blockchain that excels with cloudstorage, another as a payment transaction network, another with security....so once they catch on many cryptos will have different focuses and provide very relevant service platforms.

Can we all move forward now and quit these types of posts?

  • As long as people have opinions that differ from each other, then nope.

I appreciate the need to create an Us vs Them approach to posts, it's creates huge traction and curative awards. Everyone loves someone l/thing to hate.

Where do you see this need? People call it a scam, Jeff finds it interesting, and takes up the subject. - Gotz nuthin to do with ze moneyz. (Otherwise he wouldn't throw them straight back into steem power...)

Why do people assume it's one cryptocurrency to rule them all. Steem, BTC, ETC, bitshares can all live a great life together sat at the family table.

  • Emotions, a lack of imagination, investments, preferences, personal gain, and a whole lot other reasons could be why.

Bullshit, it's got evertlything to do with the money. How I made $10k on a post, how I made $5k on a post telling people I made $10k on a post, repeat until utterly bored.

Nothing against OP, the clue is in his name. Let's see him fade in to the background once there is a new celeb joining steemit.com and dominating those curating rewards.

Steemit isn't exactly at the bleeding edge of things as long as this cycle continues.

Lulz. When something new and really interesting shows up at your doorstep, most people will talk about it for a while. And there's only so much you can put in a headline, as well as when you have an audience that usualy go to you for investment advice, you'll use the subject at hand.

  • But I love the pocket psychology everyone seems to be the masters off. I wish I were as good at know what other people wanted. Would save me a shit ton of time. ^_^

@kryptonite
They are telling people how much they've made mainly for proof as everyone is curious about this platform being real so, they are simple showing that it's real is all! Let's see you generate that amount of money and stay quiet :)

Being able to discuss steem critically & honestly is what will make steem succeed. Jeff is courageous & honest & intelligent. There are issues with steem whether you can admit that or not. If a few whales control the entire ecosystem, it's a problem. If the dollar value isn't accurate that needs to be fixed. Is steem a real blockchain or not. I've understood every cryptocoin I've examined. Steem doesn't seem to add up for me just yet. Let's hash this out & get some clarity.

Agreed, but Tone seemed a bit more coherent than I have seen in some of his other videos.

Wonderful interview, I enjoyed watching it very much.

One thing I don't think was mentioned was how the much the wealth gets redistributed from the voting system. I don't see it as just a 90% proof of stake system with so much new value getting created through the votes. From my part, my biggest concern at this point is how well the system can support possible increased growth in posting, it seems like it could become very computer resource intensive.

Graphene tech can handle well over reddits 225 tx per second. In fact it has already been tested to support upwards of 3000tx/sec which is over 10x the number of posts per second reddit has.

Additionally, if better witness equipment is used we are looking at far higher tx volume support. And by that i mean graphene chains can hypothetically handle 100s of thousanda of tx per second at scale. In short it is the fastest and most robust blockchain in existence today.

Nice! Thanks for the information.

i think he was rather balanced. Negative, yes, but I don't really see the arrogance.

Well said.
dubloon135

Beyond incoherent....

Jeff Berwick isnt technical at all.. he's just a guy who knows guys who are technical . Thats why I don't take anything he sais serious..

agreed

Honestly his talk at Anarchapulco (Jeff Berwick's event) this Feb was pretty good, going over the history of the bitcoin price and talking about the various factors in the upward/downward swings.