Hey everyone, just wanted to say that I hope that you're all doing well and while we appear to be in a drawdown/consolidation phase in the market I'm going to go ahead and do a little experiment with the funds available to me. I'm gonna try to maximize how much I can increase the SP of the fund, so it's going to look pretty douchey in the meantime. For any big downvoters out there reading this, please understand that I will only add money to the system out of pocket or from the fund I've saved up and will never cash out on this account (or other accounts, including my meme one). I just want the voting size to be substantial as the inflation rate of the system slowly decreases over time and I figured it's best to get the ball rolling now while inflation is still a thing so that I can allocate more of the reward pool towards small users and charities in the future. Guess you'll just have to take me on my word for that.
Unless we get to another phase where there's a huge spike in SBD price I don't think I'm going to be selling anymore SBD (if there is, then I might possibly do so if it means a larger fund in the future, basic common sense), I'd rather keep things in the family so to speak and just use the marketplaces that are native to the platform. One thing I have to keep in mind is that every time I sell or buy anything through, say, blocktrades, that just adds to the centralization problem, I understand that they have to pay for server and employee costs but the fees are atrocious as they are and I don't want to contribute to the problem that steem suffers from most which is its imbalanced distribution in the hands of a few.
Here's to hoping that crypto gets even bigger in coming years!
As a steemit user I agree and support everything that has been writing in this post. As a steemgar player and fan I will eat you in the next game!!! Hahaha,
Keep the good job ;)
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The block trade fees are insane. The sad part is it's like that everywhere. It sucks.
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Yeah, I know that a lot of exchanges are charging quite a lot, I can imagine a lot is going straight to lawyers on retainer if they're smart, lol.
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Yeah conversion costs are a set back - I'm sure there will be another market run for Steem and SBDs whenever SMTs are launched, though developmental updates have been few and far between, which is disconcerting. Nevertheless, I think the crypto market as a whole definitely has room to grow. More serious fundamental analysis is needed though. Too many projects are being launched in hopes of riding the collective wave of success, yet most have very little to offer in terms of value added to the improvement/innovation of the overall space. Will be interesting to see how capital flows shift in the coming years and which blockchain initiatives ultimately rise and/or stay at the top.
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Yeah, I do think it has room to grow, I just feel like there is a lottttt of overlap going on right now, and if past tech or business examples are to be heeded it would stand to reason that only a handful become kings that permeate every household or at least get integrated into the currencies of the future. I'm not sure if any of these existing teams won't just get rolled up into larger entities, money and other pulls are very enticing to say the least.
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Hi charitybot, add me on discord #0889. I love playing steemgar and I see you're a big fan of it too!
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As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
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