Okay, it doesn't 'suck'. I love the platform, it does however have some issues and it has one feature that will stop me from investing anything.
I started reading about Steemit and how it worked and I believed that it was a very hard concept dealing with multiple currencies or tokens. STEEM, STEEM POWER, STEEM DOLLARS, VESTS, APR etc.
I'm not an idiot, but I found the learning curve steep in comparison with other blogging platforms, I did however think that the idea of being rewarded for contributing to the network exciting and I believed that making money without advertising royalties would outweigh the learning curve.
I also believe that over time things would likely become simpler, or at the very least a better on-boarding process would become available to make it easier for new users to join the platform.
The big gripe I have with the platform is how long it takes to power down. 2 years is just ridiculous. I understand it's to ensure the network remains stable but it's terrible that you can't get your cash out when you hear bad news.
Imagine the developers die in a fiery car crash (worst case scenario) - surely the value of STEEM will tank, if you're quick enough you can take a small loss and forget about it. If it takes two years, then surely by the time your money finally becomes liquid - most of the exchanges could've delisted it.
For me, I won't invest, sure - maybe I'll speculate on exchanges, but I will not add to my STEEM POWER to ensure that steemit becomes what I want it to be, to me - it's too risky.
Thoughts, anyone?
