Hmm, here goes another supporter of McAfee...I totally appreciate Steemit.com but have done enough research to understand: "buyers be ware" to know that this platform is another form of circle-jerk...
Again, I really appreciate this platform. Even fund my account. But. But, as an investment; no way. It's not getting very far...
Aloha!
Thanks for your great comment and input.
I'm not so sure if McAfee is an investor or just a speculative trader. In the video he mentions trading in many alt coins as part of his research into the eventual setting up or purchasing of an exchange. What I found interesting is that in mentioning only a few coins that he was "playing" with he singled out Steem.
Steem is unique in that "normal", non tech, crypto neophytes are "earning" it and becoming holders and investors in the alt currency sphere without even realizing it or needing to understand the technology behind it. Once here many get an education in blockchain technology while using this amazing blogging platform.
Steemit.com is like a Trojan Horse that is getting a newly created currency into the hands of 10's of thousands, and potentially millions of people. Obviously some big players are taking notice of that.
You know what @kus-knee? I have not elaborated on the short comment above. Here are more detailed thought of Steemit:
I first heard of Steemit through Gregory Manarrino and Bix Weir; two of several people I truly admire. As of mid-May I opened an account with Steemit. Low and behold, the crypto journey of my life has begun. Every questions I had regarding cryptocurrency was answered here. All I had to do was brave the courage to post question/help. Yes, you are very correct, Steemit is a unique place...very unique because I couldn't possibly gotten to where I'm at; blockchains knowledge without this platform. So, for that very reason, this is a jewel. I love it here. I love sharing my island here. I love the people I have met here. And I absolutely love getting a few pennies here and there. A Trojan Horse, it is!
Being that I do have other altcoins and some really great ICOs, Steemit is part of my investment. Yes, I do plan on putting more money here so that I matter a little but here's where I miswritten; I treat Steem very differently than all other tokens because here is where I play. Here is where I get to interact with others. That's where other tokens I own doesn't do. It's so different here. I guess I enjoy it here so much that it's not like an investment but a social platform to place of love and joy.
My greatest concern with Steemit is where the generated income coming from. Maybe you could help me with this puzzled question but the way I understand it is that it's generated from within. My concern with that is that at any moment the "whale/s" could pull the plug and all will be left butt hurt.
I'm not sure if it even make any sense to you because I was never the eloquent writer but I tried. Well, there it is in a 1-2-3 punch.
Thanks again for patience with a noobie. Have a wonderful day. Much mahalo. Aloha!
@islandliving my blog posts including my older posts about steem ecosystem explained your concern about: where the money come from...no worries , steem ecosystem is amazing
Can you please add a link to them here?
wow, I have many posts about the ingenuity of steem ecosystem..would you please see my blog posts ( and send in your support )...some older links are https://steemit.com/steem/@charles1/why-are-ignorant-people-calling-steem-and-bitcoin-a-ponzi-scheme
, https://steemit.com/steem/@charles1/exposed-dan-hidden-plan-to-take-over-the-world , and many recent posts
Thank u. I read both. I'll keep it short:
LiteCoin
Kin
welcome and I will keep it short, Steem and Bitcoin
Yes I too agree. I read somewhere that steem can be minted as much as owner wants, so it's unlikely that it will grow much.
And suppose it reaches 5$ or up then for new joiners it will be pretty hard to accumulate sp.
Even though they say sbd is pegged, I feel steem is also pegged.