I have no problem with the creators making as much money as they'd like on their creation. Why shouldn't they? They built it, it was their ingenuity, hard work, and skill. Quite impressive, to say the

Glad I could provide a little clarity. And you're not alone. I still don't fully understand how it works.

Thanks for the read Skum. Yeah I've been trying to look at some of the basic machinery and economics, but that doesn't even cover the issues you're bringing up here. There's an incentive to up vote popular

"seeing value in it subjectively, is what is supposed to keep it afloat" I think they need a more concrete reason than that. I agree of course that value is subjective. I mean, look at Dogecoin.

"My question is this first, is speculation and investment the same thing to you?" More or less. I guess I more associate speculation with high risk investment, but in this context what I mean

Thanks for the read Sterlin. "The first thing I want to mention is that I don't believe the creators ever intended SMD to be used as a general purpose currency." Many that I have interacted with

Loved it Kenny, you're leading quite the adventures there!

As I stated in the article my issue with that is they would only have to buy in once. Normally ad revenue is continuous because it's pay-per-click. Advertisers powering up wouldn't constitute on going

Never thought of it that way. Given that Steemit is filled with anarchists that could be lol. You know how the State works tho. Come down hard to make an example out of a few people and scare everyone

Interesting, thanks for the link!

"No one holds steem" Lots of liquid steem is being held, currently there's 5.31 million of them which are unvested.

I'm using Windows and had the same problem. For some reason PYTHONPATH didn't have the default directory for all my python packages listed. At the top of your "post_test.py" file put: import

I don't get it. If the actual water line is where you are drawing it then the hull of the boat is below it. How is this not an argument for the Earth being round?

Okay glad to hear the numbers seem right, thank you. Definitely looking forward to any new developments from Ned Dan & Co.

Ah okay thanks for the clarification on both questions.

Well my overall point there is no one is really purchasing anything since everyone expects to make gains. People who bought up steem power bid up the steem price and then took that steem off the market.

Good call, the white paper talks about that as well. If you vote a bunch in the short term your voting power decreases but if you abstain from voting for a while your vote power returns to 100%.