Investors want to make money. They don't want to invest in something where they won't make money. Lots of money was put into crypto. Why? HOw were they going to make nay money? How were they going to get a return on their investment (ROI)?
It seems to me the only way to get a return from investing was to buy at X and hope to sell at some point Y where Y > X, where the the price of selling Y was greater than the price of X when it was bought. That waY you make money. That way you get a return on your investment.
The only way to make money by buying into crypto is by hoping what you bought is worth money in the future for you to make money from. Crypto is a bag-holder game, where everyone is trying to buy and then sell the bag for someone else to hold after they made some money by getting rid of the bag.
Am I wrong here?
Why is it that with STEEM, there is this argument that there needs to be an ROI scheme within the system to game it and allow investors to make money in a way none of the other cryptos can? This is one argument for how "great" vote selling is, because it allegedly brings in investors.
Well, I have news for you, it's been over a year that the vote selling bots are here, and what does it have to show for this scheme to get people to make money by selling their votes? Where is the magical influx of investors all thanks to the allegedly "great" system of vote selling that gave people another way to making money and have an ROI? No other crypto has this in place.
If this argument was true (that vote selling was "good" for Steem because it would get more investors), then there would actually be more people investing in STEEM because Steem is the only blockchain that has vote selling to make investors even more money than simply buying a bag to hold and selling it later for someone else to hold. Steem gives investors more than any other crypto with selling their votes in the content platform, so why aren't they just flooding the platform with their money to get more ROI than holding and selling bags like other crypto?
Seems the "master plan" to get more investors hasn't worked out. We're just left with bags on our heads for being in a crappy pay-to-play system, with 1/3 of SBD (when it was being issued, now it's STEEM used to buy votes) and 1/3 of curation going to people who sell their votes rather than curate and reward content they evaluate in order to get rewarded for curating like how Steem was designed to work.
Thank you for your time and attention. Peace.
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