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RE: @ned - are we on the verge of a Steemtrain wreck? Answer NO - BUT THERE ARE STILL VALID CONCERNS
All I was saying was that all parties appear to be acting on what they said, including you, yours just isn't as straight forward.
Only two of the four had power downs scheduled and stopped and the timing was separate from each other. Stoping a power down because you realize the system is going to crash seems counter intuitive.
Again I was observing all of you were acting on what you said. You are powering down, you believe it will crash. None of them are powering down shows they don't believe it will crash.
Think about it a bit further. I depend on my power downs, for a significant part of my income. Those guys have too much money ahead of their bills. If the platform is gonna keel over soon, due to technical reasons, it's not gonna be that much more they can get out, and what is it with their coordinated actions? I thought Dan was not employed by Steemit anymore?
You simply have the equation wrong. I make probably only just enough to pay my bills from my mining. I can't invest any deeper into that with my current surplus. I need the power down. Not to mention that 1235 of it was that steem that poloniex locked me out of for 19 days.
I don't want to be forced to go take a shitty job at an outsourcing company again. I want to conserve my surplus so that I can continue to work on what I love, instead of for someone else's shitty money-grab.
So you're not powering down to pull your money out so when it crashes you don t lose it? You're continuing to invest in a sinking ship?
You're right I don't understand.
No, I am getting MY earned tokens out, as quickly as I can, as I would have done regardless, so I can keep paying rent and having this nice computer to work on to do my mischief.
It is a strange cultural artifact of the steem culture, that if you are powering down, that it means you are somehow wishing it to die. It's a deposit instrument, like buying shares.
You sell some shares when you need some cash, right?