Have you checked the Steem price lately? Heck, I try not to anymore, but I'm still powering up.
I've been paying attention to the whole ecosystem, I've been participating in the blockchain by reading, voting and trading Steem, powering up when I can.
I'm now at less than 1500 SP distance to becoming a Dolphin... and I'm a Captain Steem.
Chances are, many of you reading this are Captain Steems as well... you either triumph with the recovery wave or you go down with the ship.
The Decision of Becoming a Captain:
I have about 3500 SP right now.
That may not seem much in terms of Fiat money, but it does mean something already for the blockchain, where I'm fortunate to have some weight due to the Crypto Empire and my stake, as well as the stakes I'm able to pull... but in terms of dollars it isn't much at current prices.
It would be a bit more if the price was $10 like it once was.
However, I had to make a decision when Steem reached $4.... I knew it wasn't going to rise and that it was going to go down like the crypto market, so I had to decide:
Will I Sell my Stake?
Well, I sold my other crypto, but I decided to be a Captain here, going down with the ship.
Why?
For some reasons.
First of all, I believe more in the blockchain than its developers - certainly.
Another thing to consider is the fact that I'm emotionally attached to this specific blockchain and all the lovely friends I've made here.
To top it all off, the stake will grow over time thanks to the power of compounding.
Either Steem recovers or it does not!
If it doesn't, then I'll lose the 3.5K SP's value... if it does then that stake will enable me to take some profit if the value goes up, while still growing it.
To put it simply, if your monetary gains aren't big, then you have more to earn by keeping your stake than by selling it.
The STEEM Ecosystem being affected by STINC:
As I've said in my intro, I've been paying attention to how the blockchain is evolving and to how the community is growing.
It is natural that I've seen the posts made by the staff at Steem and Ned himself.
Let me tell you I feel tempted to write a post on what I think about that in the near future, maybe even in a matter of days, because I'm apphauled at how things have going and to how Ned acted recently.
The ecosystem has a black cloud over it, and it saddens me deeply that the people who should act like stewards the most are the ones shivving Steem's chances.
It falls upon us, the community, to make something of the token and of the ecosystem since the developers show consistent neglect.
Even on the huge spike and huge bull market, they did nothing, and the sign ups were manually approved throughout the huge surge in price - when users were pouring in during that epic December...
...This was proof they just didn't care enough... but as I said, I could write a huge post on what I think of how the system has been managed by those who have more invested into it (think Ninja Mined stake.)
Will it be dumped?
What I've Been Seeing:
What I've been seeing, however, warms my heart.
Prices are at huge lows and yet all my friends seem to be active...
It seems to me that my network is packed FULL of Steem Captains... willing to sail to either success or certain doom.
That is a good thing by itself, since it means people are here for the system, for the ecosystem, for the technology, for the dapps, for the community, for the posts, and for everything else...
... I remember when Steem was $10... everyone was here for the money.
Now?
Things are different as I see people with small stakes worth close to nothing, earning close to nothing, and still contributing heavilly towards the blockchain and the community.
This is why I'm a Steem Captain, and I'm optimistic even if the odds aren't very good for the platform as a whole right now.
Even if things go horribly wrong, we got a lot of smart people fully invested in STEEM and willing to work with it... even if the developers aren't.
In Conclusion:
I wanted to leave you guys with an update of how I'm seeing the evolution of the Steem Blockchain in these troubled times...
...that I'm seeing it more like a community now, and that I see people working to better its chances rather than to rake in some quick SBDs.
So yeah, price action is bad, but it has its up sides... If and when the next bullish trend comes, I hope this hard work will pay off by getting STEEM included in the tokens that didn't perish during the big bear of 2017-2019.
I'll probably post soon again, as I feel I have lots on my chest on how I see Ned's management and STINC has a company.
Cheers
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