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

in #investors7 years ago

Check out steemeconomy.com if you have not already.

I had not seen this. But yes this.

but here:

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.

is the crux of our disagreement.

The pool pools every day, investors aren't paying my rewards, hell they are taking most of them.

Prices in markets are not input driven, they are consumption (or output) driven.

People using steem will bring investors, however, investors holding piles of cash doing nothing, will not bring people.

Circulation, and utilization. Otherwise ten people holding fat sacks of french francs ain't doing much in a euro circulation world.

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is the crux of our disagreement

Agreed :)

also, unless you are against doing so for personal score keeping, would you mind self voting your reply to pin it topside? Id like our conversation to show up.

I added my piddly upvote to hopefully keep it here at the top. I love discourse like this that is debate on friendly terms. It's good to see.

It looks like the parent comment to this thread is already the top comment on this post. It doesn’t appear that an additional vote from me is necessary unless I misunderstood your request.

Bingo, there is no compelling reason to invest because no return :D

I look forward to the part of the 100 reasons that explains how they can do that for steem (make it show up) and get a return without spending it somewhere to some other investor, or using it in the current ways that kill and run off userbase .....

@sircork - do you deny the simple fact that inflow of money into a system increases the value of a coin? it's as simple as that concept.

Doesn't mean we shouldn't do all the things you have listed but we can walk and chew gum at the same time.

Appreciate your passion about the topic!!

Read it again friend, I denied nothing of the sort.

This is about focus, priority and process. Something I've made a living in for about 30 years.

Well, I am bad at reading so I would just go by your reply above :)

That is Just speculation.

Its like Trading USD for EUR when you think EUR Will be more valuabe in the Future.

When we talk about investing we are talking about something that gives return besides the value of the asset.