Bullish.
Now I'm almost ready to think Steem is not going to crash this year ;)
The only thing I don't like about Ono is that it opened first for China only, if I am right. There is always controversy at the beginning of all crypto things :P
People will follow other social networks as always. Is people what matters. Technologies always evolve. New better technologies will come. Here it survives the ones that move and adapt earlier than the rest ;) Like in normal natural evolution. That's why proof of adaptability ;)
I think Steem still has something to say, it will be bigger than just for a social network, and yes, competition coming but it has the advantage of being first and it will survive for a long fight at least. Even with all the bid bots ;D
It is always good to think about these things.
I don't like a lot of things about ONO, including the initial distribution to themselves and their friends of 75 vs 5 per year for contributors. 15 years for the collective efforts of everyone else to reach parity in terms of coins? Bleh. Let's see if STEEM can be more widely distributed by then, though. ;)
I agree with you that aspect does seem a little dodgy, that being said like any other idea it must be tested before we slam the gavel.
I am just in the camp that thinks that giant bags of money with no strings attached hampers project productivity. The incentive to perform and produce a viable, worthwhile product is largely removed if the largest reward is given before the results are in.
Imagine if Steemit employees had obligations to deliver updates on a schedule to be able to vest percentages of their stake, for example.
Btw my friend, have you read or seen videos about oracles?
I haven't seen any video. Is there something new? Do you think SMT oracles will save Steem?. I think it is interesting. If an oracle fails, it doesn't mean the entire network has to fail. Others will succed. Diversification. Smart. Bullish ;)