I was told earlier this summer that Steemit is something new and extraordinary in crypto world.
So now that I've read, white paper and seen various movies on Youtube.
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I realize what this actually is. Steemit have very good potential, since 90% of all Steem is in Power. And you actually get interest on this in addition.
I would not say this is any kind of Ponzi, when people in a Ponzi scam is tricked into and sit in cash but can not take any money out. So there is no question here.
I think with so rapid growth that this will Steemit reach far and many a users. I believe we are well over 100,000 users now, and we would pass 1 million rely fast with this growth potentials.
So that whales take Power Down is good for the new has to be able to buy more power, or have it as long term investment.
The reason I think Steemit will catch.
- Steemit has fast transfer
- Both Steen & Steen Dollar
- Over 90% is locked to weekly payments
- Approximately 2.5 million Steam Dollar in circulation
- Gradual inflation / Proof of Stake
To date, this is a beta model.
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A lot can change in provisional, and platform to adapt to continuous composite found in general.
So we need users and developers work closely together, and make this happen and be the most user friendly.
And I see many an ingenious contrivance that has come along here.
But also look really strangers and see what future will bring.
I think and hope more and more are adopting this as payment agent. Since this must be the best payment method since CryptoCurrency was invented.
So here it is really nothing and worry as I see it, we are dependent on Power Down and liquid Steem market.
