Will You Powerdown ASAP Or Wait For Selling Pressure To End?
STEEM is down from the highs of pre-hard fork levels. But we are still trading above the $0.15 - $0.17 we were trading at for a long while. As part of the gloriously failed asset forfeiture that has not been fully resolved yet, we had another bonus update. The powerdowns are 4 weeks instead of 13. That is almost a 70% reduction in the staking time.
Things to Consider
- The trust in Steemit Inc is further eroded
- Incompetance of Steemit Inc has been further highlighted
- STEEM as a blockchain has become quasi decentralized (we still have few independent witnesses
- Even if Bittrex send the STEEM back to owner accounts, Steemit has enough influence to seize the funds again or at least blacklist those accounts
is making the switch to HIVE
- The Tx volume of STEEM is falling behind
- The infrastructure has been much worse than HIVE in terms of user experience (although not by a huge margin)
- The claim for being censorship resistant is now lost on STEEM
- STEEM only has 1 RPC node compared to 4 from HIVE (soruce: Keychain extension)
- The powerdowns are going to be massive
- Bittrex might have to sell STEEM for HIVE to give the funds back to the rightful owners (this is a purely hypothetical scenario)
Current Trading Volume
- I Will Powerdown ASAP
- I Will Wait And Take It Slow
- I Will HODL STEEM
Answer the question at dpoll.xyz.