After taking in most of the conversations that were going on today I'm cautiously optimistic about the future of Steem. I think if we can manage to keep this blockchain decentralized we have a bright future.
This is tough for any blockchain. I never realized it before, but going through some of the What Bitcoin podcasts, I found out that Bitcoin has been 51% "attacked" before.
One of the first pools created to help miners were able to accumulate 51% of the hashing power. Luckily, the pool had no intention of doing anything malicious to the blockchain and was able to reduce its hashing power to under 51% shortly after, but the chance was still there.
Justin Sun or any person on the platform has the chance to buy up enough Steem to vote in or out whatever witness they deserve. I don't know what's so concerning as whoever owns the freedom account is pretty much able to hand-select which witnesses are in the top 20.
So why does it matter if Justin Sun can? Who knows how much money he spent to purchase Steemit, but why would he try to do something to tank the value of Steem moments after making the purchase?
It will be interesting to see what changes are made to help to further decentralize this platform, which is something I see that happens over the long term as more and more people join and being to power up Steem on the platform.
Some people do hold more power on the platform. Those with large stakes, the top witnesses, and some of the leaders of popular communities hold more power both real and perceived.
Every time I hear Dan talk he's always saying that we are all the CEO of Steem. We all get a say in the future of the project and all we have to do is go out there and make it happen.
I don't know anyone on the platform that wouldn't help make Steem a better platform if you went out and found an opportunity. This is something I didn't realize when I first started on the platform.
I always felt like I had to ask permission to go do something. That is one thing great about a decentralized project and platform is that you just need to go out and do it. If it helps improve the platform and you could show how you would get a lot of support on Steem.
If you have an idea on how to get Steem listed on a popular exchange, get a Dapp to move or develop on the blockchain, or to help get more people onboarded easier I don't think there has been a better time than now to make this happen.
Now don't be surprised if you make a post with no action if you don't get much support. Go out and make something happen and then come back and make a post on the results and what you need help with to get to the finish line. I can't speak about others, but I'm very pessimistic until I see someone with some results needing a little help to reach the finish line.
I'm not going to be the captain of this ship and go down with it, but I have never been more bullish on Steem than I am now.
What does that mean?
I currently have no plans to sell my Steem Power, but I will continue to diversify into other crypto projects by selling some Steem and SBD. I know crypto is risky in general, but I seem like it's a little silly not to get more exposure to Bitcoin, Ethereum, and maybe even a little Tron.
I've been trying to post at least once a day for over the past week, and have so far been making that happen so far. I am going to give other platforms and try and will at least spend 1 day a week publishing somewhere else. Even if that means making a video and posting it on both YouTube, Dtube, and 3speak.
I'm not planning on leaving Steem though. About the only thing that would cause me to leave Steem is if we decided to fork out someone's holdings unless someone is trying to plan or carry out a hostile take over.
My "exit" plan is to continue to take some of my liquid Steem and SBD earnings and find good projects to invest in to help me expand my crypto holdings.
I'm not sure what I can do, but even with all that said, I plan on working as hard as I can to make this project better.
To help others see the value on Steem for onboarding their friends into crypto. To help spread the word on what an awesome project Steem is.
I'm going to work on creating better content more consistently and invest in some of my favorite dapps on the platform.
Just because I'm not living in a fairy tale with rose-colored glasses, doesn't mean I still don't believe, after the AMA with Justin and Ned, that Steem still can be one of the greatest projects and blockchains in the space.
Succeeding where many others in the space have failed, and working hard enough to get successful enough that we won't need to tell others we told you so because we will be too busy working on becoming the best.
