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RE: My buddy @timcliff thinks investors are key! I think seeking steem investors puts the cart before the horse...

in #investors6 years ago

Without investors you can kiss your rewards goodbye. Unless there are people willing to buy STEEM, then the rewards that are given to bloggers do not have value. The less investment we have, the more the price drops, and then everyone complains about how they are not making any money anymore.

I'm curious, what's your definition of an investor in this context?

Just simply buying Steem is not enough. That only briefly raises the price on Coin Market Cap. Do you call those people sitting on a pile of Steem, collecting inflation, self-voting circle-jerking the crap out of each other, investors?

Those are speculators and miners. They are only here hoping your hard work will somehow make their holdings more valuable by sitting on the sidelines.

An investor actually pours forth funds to projects and developments. Delegation is a form of support. Someone who just sits on a pile of coins is less useful than, say, someone who delegates to bid bots. At least they "promote" content creation, without going into their effectiveness.

Stuff like DTube, DLive, are great. They are working utilities that make Steem blockchain unique; even if they still have a long way to go in terms of refinement. Now, if stuff in Steem Economy, like @steembay could also take off with some support, we would have another great usage case for Steem.

Point being, I'm tired of the generic assumption that "investor" is anyone with sizable wallet when the only thing going for them is "bought some Steem".

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Well, unless you have those people “just buying STEEM” then the amount of rewards that the community will have to earn will be significantly less.

An investor actually pours forth funds to projects and developments.

No. That is not the definition of investor. It is the type of investor that you want, but it is not the definition of what an investor is.

Everybody wants more engaged stakeholders who take an active interest in the long term success of the project. If I had a choice, I would want all of our investors to be that type.

Unfortunately though the reality of the situation is that there are not enough people with millions of dollars lying around who want to put that money into a super risky investment and then have to do a whole bunch of work on top of that to get a ROI.

No. That is not the definition of investor. It is the type of investor that you want, but it is not the definition of what an investor is.

I don't care what the dictionary definition of investor is, Tim. I want to know what, who, or whatever is an investor to you in this context.

If there's nothing specific, then the upcoming campaign you are running just seems like a quick pump for morale. They'll cash out before anything gets anywhere; maybe even leaving this place worse off.

Before you say join the Discord, no. I would like to see your vision immortalized on the blockchain, @fulltimegeek style. What exactly are you trying to attract where STINC failed?

I want to know what, who, or whatever is an investor to you in this context.

Someone who is interested in buying STEEM.

They'll cash out before anything gets anywhere; maybe even leaving this place worse off.

Many investors are interested in buying and holding a coin until it goes up in value. Going after that type is not necessarily bad.

I would like to see your vision immortalized on the blockchain, @fulltimegeek style. What exactly are you trying to attract where STINC failed?

As far as this campaign, I have already spelled out my objectives and methods. If you are not interested in participating, that is totally your choice.