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RE: How To Destroy Steemit in 3 Easy Steps!

in #abuse7 years ago

I agree with you on the no money for up voting your own comments, what I really don't understand is why you think this self up voting has any impact on Steem's value, it sure has an impact on the reward pool but why on the currency itself? Steem's price has been crazily fluctuating since the Bitcoin fork was announced I don't think the self up vote has anything to do with it, if that were the case why did it go down to 8 cents before HF19? I think I would rather blame big investors who are playing with the supply and demand, I understand Bitcoin's price has a big say in it, as you can't convert Steem to fiat before changing it to Bitcoin. Maybe Poloniex' huge hoard has something to do with it.

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Because if word spreads that this place is a scam, no one will join. When no one joins, no one buys Steem. Then Steem's price tanks. The reason, one of them that the price was so low was because WE HAD MASSIVE SOCIAL PROBLEMS, in here. It was human behavior, abuse and whale wars, power struggles that almost ruined this place.