I'm sitting outside my job waiting for the doors to open, when I came across a post about Steem Ninja, a new platform to buy accounts for $2 using a credit card or debit card for that matter.
Don't get me wrong, I think this is a step in the right direction and I'm extremely happy to see oracle-d keep on kicking behind as they have all throughout this bear market. But, I don't understand the math here and maybe someone can shed some light on the issue.
Of course now we have discounted account creation and if this is the inventory they intend to pull from, then I guess this would work, assuming there is not a big influx of users, a big crazy spike in a short period of time. If however they intend to burn steem to create accounts, then this business plan is no bueno, unsustainable to say the least.
For starters costs are set on steem, not on USD, so even though $2 can get you a few tokens today, it might get you half a token hopefully sometime this year and as you can clearly see, that would throw a monkey wrench into the plan.
Assuming they will only use discounted accounts, which at this point we have to, that would also mean that they would be providing the delegated SP to make those accounts usable, thus having to power up constantly, making the business model confusing to me once more. I mean, again, I'm happy to see a solution being put forth, I'm just interested in the scalability and long term sustainability of the idea.
At any rate, I applaud @steem.ninja and @oracle-d for taking matters into their own hands.
To steal partially one of the lines that @therealwolf uses, partially of course.
It's things like this that show the community that we are steem, right?
Hope everyone is having a lovely Wednesday