The price of blurt is significantly inflated by the lack of liquidity. It would be wise to make sure liquidity is as important as staking so the network doesn't become centralized.
The more of your blurt changing hands on a regular basis, the better it will be for blurt in the long run. The markets don't seem to realistic reflect the on chain issues are they are realized by the share holders in real time. I think this is due to centralization as well as stake vested interest in curation API.
The double edge sword of exclusivity cuts twice, and you will not like the 2nd cut which is fast approaching if issues that have existed since Steemit are not mediated.
You can just hope the new users don't know about the flaws, I see so much echo chamber promotion for blurt from low IQ people who don't understand the inherent flaws of representative based vested interest, I will have to start calling it a ponzi scheme.
The second you take a step outside of the box and look at blurt, with the centralized aspects, it qualifies as a ponzi scheme.
The witness model needs to be nuked for stake based block signing, which could easily be hashed in browsers if the user base grows. Without that growth, not sure what you're doing here, so assuming growth is part of this platforms end game, we would want to be objectively approaching the dilemma of taking the witnesses off mommies nipple to reduce the cost of operating this blockchain for everyone, not just the ponzi scheme-ish centralized aspects of blurt.
Having paid rolls on chain here has not produced much fruit. We can all blog here sure and argue about votes, but the witnesses are not a nessisary part and don't provide any added security over the POS systems they tried to one up when they opted in for DPOS consensus mechanism.
What an interesting thought , thanks for sharing
Ive made more money from my Bastyon node in the past two weeks that the total value of my 82k of Blurt. To be honest I dont even worry about the value of Blurt these days!
Good point, the blog on a blockchain is the most valuable part of Blurt, all of the tokenomics is just a byproduct.
Good job i was too bothered cus holy cow its gone down a lot in the past two days!
I am Immutable. They can take away the microphone, but they will have to kill me to stop me from speaking.
personally I think almost everything in life is a Ponzi scheme actually.
wisdom
Re🤬eD
dear god lol
everyone should focus more on what they like about blurt (as an information exchange) and worry less about the "market price" and what everyone else thinks about it
anything that can increase decentralization and censorship resistance is generally a good thing, but i can also see a pretty strong argument for - never making any changes at all
the whole idea is not to make blurt the "forever and ever most biggest popularest thing"
the whole idea is to use blurt to cultivate ideas and find and or create the next (less-wrong) thing before the whole ship gets lost (nothing lasts forever)
Seems out of character coming from you eh. whatevz go HIVE all you want. Move on if you dont approve is the key.. but a seasoned vet like you knows that eh? Didnt deny rewards from posting this tho.. fake virtue signal IMO #LetsGrowBlurt
These social utility coins have liquidity issues of their own unique to each platform. The more Blurt that is liquid, the higher the market cap, which in turn is the biggest exposure for any tradable asset.
I AGREE. My take is we should always find ways to use our BLURT and keep that liguid/market cap moving, while powering up to further our returns.
Im investing heavily into trading blurt because the low volume might scare off new investors.