Uncertainty is bad for business...
A week ago I wrote a post about my new project. When I wanted to post this article, I had a lot of difficulties to actually put it online. I later learned that the reason was that Justin Sun had just taken over the steem blockchain...
A tug of war that is only negative for the steem community
Within one week, a lot of things have changed and never before I realised how true it is that "uncertainty is bad for business". The tug of war between the old witnesses and Justin Sun has this effect that nobody knows what future we will see on this blockchain. There are also some very technical aspects that make me unable to continue at the present moment with the development of my project.
- First, steemit seems to have stoped to create account for new users. This makes it virtually impossible for new users to join the blockchain easily.
- Second, it is almost impossible to purchase liquid steem. I was using binance to do so but since they have staked most of their steem, it has become very difficult to actually withdraw your steem. Blocktrades have used all their liquid steem to power up to participate in the war for the 20 witness spots. It seems I need to open an account with Bittrex. (Feel free to post your Bittrex referral link in a comment. I will gladly use it)
Steem projects are on standby
At the moment with the whole uncertainity that is spread over the steem world, the only thing to do is to wait. My business idea is therefore simply on standby. I can imagine that all the people who were preparing products, services or games on the steem blockchain are in a similar situation. The longer this situation lasts, the worse it will be. My first impulse was to look for another place where I could build up my business. Probably everybody is doing that. The steem blockchain might therefore loose interesting projects, simply because of this uncertainity.
The world in turmoil
Within a week the world has changed a lot. A part from the problems on steem, I'm faced with the outbreak of corona virus in my country which lead authorities to take drastic measures to prevent it from spreading. My offline business is heavily affected by that. Then there was this mealtdown on the share markets with unprecedented losses all over the world.
I believe it is safe to say that these times are very bad for any kind of business.
HVOTE Explained (Video)
HVOTE Whitepaper - Adaptation after HF21
HVOTE Explorer
HVOTE Market on Steem-Engine
I've never viewed the concept of "uncertainties being bad for business" until you made an exposition on it. I like the way you have related it to the Steem ecosystem.
Nice piece there
Thank you very much for stopping by and for your comment!
Dear @happyvoter
It's hard to disagree, that uncertainty and lack of trust towards the markets are going to be major reason for all businesses to slow down.
Lol. I'm slowly tired of hearing that :) This small attempt to replace top20 witnesses is far from "taking over" entire blockchain.
Right now witnesses are stronger than they ever been before and since all of them represent one group - we can clearly say that steem will be fully centralized once Justin will remove his witnesses.
Future of steem blockchain is surely one huge question mark.
Seriously? I never knew about it. Where did you get that info from? Shocking.
Upvoted already,
Yours, Piotr
Hi @crypto.piotr,
Thanks a lot for your comment.
I got the info from this post: https://steempeak.com/hive-100421/@brianoflondon/gosegfvu
I believe that steem only has a future when both parties manage to come together and find common solutions. This seems however quite illusory when I see that nobody really knows what they want in the first place... The community speaks with hundreds of voices and most of them are simply fueled with emotions that don't take the opposite party into consideration...
Blaming and accusing each other is certainly not helpful to go forwards...
Kind regards,
Achim
The sock puppet witnesses are catching up. In the last 8 hours since you posted we lost a top 20 witness spot again.
Tell me about it :/
Hello there, my friend.
As you indicate in your post, not only has Steemit been in trouble, have you seen the BTC? the price of oil? The economic problems worldwide.
In the face of adversity, patience, my friend
However, there are those who say that in every problem there is an opportunity. It's just a matter of looking for it.
By the way, I commented in a post a few days ago that I used to have a Bittrex account, but unfortunately, they stopped working in my country (and others too) so they closed my account. However, @enforcer48 recommended me https://biteeu.com/ as an alternative to buy and sell STEEM. I already signed up and I feel like it was the adopted son of Bittrex ;)
Have a nice day my friend :D
Hi @jadams2k18,
Thanks a lot for your comment.
Thanks a lot for this, I will gladly check it out!
A nice day to you too
Achim
Hi @happyvoter
You're right. Uncertainty is bad for everything in our lives, not just business.
But this uncertainty or this war within our platform is creating a lot of uncertainty and the worst thing is that we do not know who has the government that is but still, Decentralization isn't that anymore.
Well said, we must continue to wait for the waters to return to their course.
Thanks a lot for your comment my friend... Hope there will be some normality soon...
Greetings, friend @happyvoter.
Steemit uncertainty. Uncertainty in the world due to the coronavirus.
The perfect Storm.
Today 03-12-2020 we had a drop in oil prices, Wallstreet crash, crashdown in all cryptos. STEEM at 0.1 usd.
Brother, we are living in difficult times. The picture is dark.
Your friend, Juan.
Indeed there is no silver lining anywhere to be seen. Everything crashes down. In Europe the situation is dramatic. Shops and Restaurants are empty and everybody is scared. Travelling is finished and we don't know how long we are even allowed to get out of the house...
In Italy there is the highest propagation rate. The fear is widespread, the economy will be seriously affected, so the recovery will take a long time.
On some occasions I have heard that opportunities mix with dangers, but personally I am much more than working for a calmer environment. Actually, the internal confrontation of the blockchain between the players of great power leaves us in a tense situation, if we now add the global reality of the new pandemic and its effect on the economy, industrial production, trade, and activities. work, sports activities and much more, the result I have is that these days have seemed horrible.
There is always this saying the crisis are also full of opportunities but in the actual situation the only opportunities I see is to go short on any market you want. In my country the situation is very delicate. We have so many virus cases that the government has to take more drastic measures. It's possible that we will soon have to stay indoors. Today I went food shopping to fill our cupboards...
The scenario of a global quarantine or a kind of epidemiological "curfew" almost seems to come out of a horror movie or psychological suspense ... or a dystopian fiction with zombies or things like that.
Well, buying food to have reserves and being able to spend time in quarantine is a good thing, hopefully such a measure will help to contain the spread of the pandemic and save enough time to develop and test the cure to this coronavirus very well.
An uncertain business can be compared to one that lacks adequate direction and that is not good for a business that has the idea of success in mind.
Thanks for your comment!
Oh dear, so sorry about how conoravirus has affected your business, I hope that things take a better shape soon.
The situation is getting worse every day here in Switzerland. I hope there will be a change of tendency soon. Thanks a lot for your comment!
I'm wondering why is the Steem price surging? Somebody trying to take over 50 percent of all Steem coins? Witness vote wars?
But yes, uncertainty is mostly bad for business.
Hi, Thanks a lot for your comment. I think that there is actually were little liquid steem available and the witnesses and tron are looking to buy as much as possible to power up. If the stale mate continues, I believe that prices will go up even more.
@tipu curate
Upvoted 👌 (Mana: 0/15 - need recharge?)