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RE: @ned - are we on the verge of a Steemtrain wreck? Answer NO - BUT THERE ARE STILL VALID CONCERNS

in #steemit7 years ago

In case anyone was still wondering:

I'm a believer in don't listen to what people say, watch what they do. The only way I could figure to do that in this case is to look at peoples wallets. Is anyone powering down, and if so, who? Seems like this could show something.

It's my understanding that it takes 3 months to power down? With this belief I looked at the last three months for the people saying Steemit is ok, and also the two accounts held by Loki who says there is a problem.

From what I saw, @elfspice does not appear to be powering down, however @l0k1 is.

@ned initiated what appears to be a full account power down two months ago, and stopped it one month ago. And is not powering down.

@sneak initiated what appears to be a full account power down 13 days ago, and stopped it 13 days ago. And is not powering down.

@gtg is not powering down.

@liberosist is not powering down.

So, with my minimal understanding of how this works, the four people who say Steemit is ok are acting as though that is the case, as none of them are powering down.

@l0k1/@elfspice is a bit confusing as one account is powering down but the other does not appear to be.

So everyone appears to pretty much be acting on their beliefs, and no one seems to be just giving lip service.

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You don't know even how this system works. Both of my accounts are powering down, both, are depositing the payouts to @elfspice to simplify my work. You probably didn't even know you could do that. Possibly also, since you don't also realise this, the fact that they have all suddenly at once stopped powering down, might be because I have successfully brought it to the attention of the community, that Steem, the platform, is on a razor's edge now, and if immediate, dramatic and drastic action is not taken now, the whole show is going up in flames.

All I was saying was that all parties appear to be acting on what they said, including you, yours just isn't as straight forward.

Only two of the four had power downs scheduled and stopped and the timing was separate from each other. Stoping a power down because you realize the system is going to crash seems counter intuitive.

Again I was observing all of you were acting on what you said. You are powering down, you believe it will crash. None of them are powering down shows they don't believe it will crash.

Think about it a bit further. I depend on my power downs, for a significant part of my income. Those guys have too much money ahead of their bills. If the platform is gonna keel over soon, due to technical reasons, it's not gonna be that much more they can get out, and what is it with their coordinated actions? I thought Dan was not employed by Steemit anymore?

You simply have the equation wrong. I make probably only just enough to pay my bills from my mining. I can't invest any deeper into that with my current surplus. I need the power down. Not to mention that 1235 of it was that steem that poloniex locked me out of for 19 days.

I don't want to be forced to go take a shitty job at an outsourcing company again. I want to conserve my surplus so that I can continue to work on what I love, instead of for someone else's shitty money-grab.

So you're not powering down to pull your money out so when it crashes you don t lose it? You're continuing to invest in a sinking ship?

You're right I don't understand.

No, I am getting MY earned tokens out, as quickly as I can, as I would have done regardless, so I can keep paying rent and having this nice computer to work on to do my mischief.

It is a strange cultural artifact of the steem culture, that if you are powering down, that it means you are somehow wishing it to die. It's a deposit instrument, like buying shares.

You sell some shares when you need some cash, right?