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      "body": "That's a great point, and I fully endorse it.  However, it misses another point, which is that Steemit doesn't have to be only one thing.  Steemit can be, if it is intended to be, suitable for people that wanna post pics of their dinner, wanna reveal state secrets, talk about finances, or all of the above.",
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      "body": "I'm in a fairly similar situation...maybe hedge your bets to lower your risk by selling 50%? I'm also thinking that the bears are coming out of hibernation and this may be the start of a long downwards trend.",
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      "body": "Hi everyone, \n\nI just recently found some really useful and interesting articles posted on steemit and so I thought I would check it out for myself. I can't believe I hadn't found steemit before now, it's great! \n\nI thought I'd follow the convention and post an introduction about myself. \n\nI am a scientist working in stem cell research. My research aims to use a person's own stem cells to repair damaged or diseased tissues and organs. If lizards and salamanders can regenerate whole tails or limbs (if they've been lost in a fight or by predation), then why have we lost this regenerative capacity?\n\nThrough my research I aim to increase to understand how our own cells could be used to repair damaged hearts, bone, skin, teeth, or any other tissue. To achieve this, I make movies of cells as they grow under different conditions. By watching these movies, and studying the way cells behave, I am able to identify optimal conditions that support their growth.\n\nI originally trained as an engineer, and still love to develop new software and computational tools for my research (as well as for fun). Currently, I am working on developing software that will automatically track cells as they grow. I'm really excited about this, because software to performance this task does not currently exist. \n\nWhile I dedicate most of my time to my research 'work' (I don't really consider it work because I enjoy what I do) I would say that my second interest is cryptoeconomics. \n\nI first learned heard about bitcoin from a friend-of-a-friend in 2011. He was using bitcoins to purchase certain items online, in an online marketplace that later brought a lot of attention to bitcoin.  When he first told me about bitcoins, he explained it to me as a digital token that could be used to buy things online anonymously. I thought it sounded dodgy and didn't think about it again until the beginning of 2012 - when my brother sent me a link to the Max Keiser report (on RT News) on bitcoins. He then told me that he was going to buy a bitcoin, because Max Keiser was screaming that people were going to go crazy for bitcoins and that they would increase in value substantially. \n\nSo we bought two bitcoins each, for about $100USD/bitcoin. On Mt Gox. You know how that story ends. We're still waiting to go through the claims process to get some form of compensation. Burnt. Hard. (You'd think I would have learnt my lesson, but please see my other post about Igot.com - where I lost a further 2BTC in 2015). Unfortunately, as we were both poor university students at the time that loss accounted for >50% of our savings. Scorched. Looking at the price now, and knowing we can't get them back hurts even more. \n\nHowever, since the time of my original bitcoin purchase I have had a growing interest in learning more about cryptoeconomics. This isn't just about bitcoin, or money, or any currency in particular. It is about a revolution in the way we transact with each other, doing away with 3rd parties that have oversight and control, while preserving security of the network and protection for the individuals involved. \n\nThis new era of decentralisation brought about by the invention of bitcoin, has created possibilities for new forms of community engagement, access to finance, democratisation, removal of regulations, transcendence of nation/state borders,  are truly exciting, unpredictable, and most importantly disruptive. Cryptocurrencies like bitcoin have set the stage for a revolution in our global society, as this invention returns freedom and control to the individual, which is desperately needed in these times when governments are increasingly encroaching on personal freedom and choice. \n\n -bitjam",
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      "title": "SCAM ALERT!! Igot (who disappeared with 1000's of investors bitcoins in 2015) is now using Bitlio to scam more investors!",
      "body": "A warning to anyone who was considering using Bitlio for purchasing bitcoins - Bitlio is probably a SCAM!! \n\nBitlio has been created by the same people who created Igot - https://www.bitlio.com\n\nIgot customers, including myself, have not been able to withdraw their bitcoins since 2015. Igot has now transformed into Bitlio. \n\nI've outlined a few points below which I believe are clear reasons why purchasing bitcoins through Bitlio.com may lead to you never seeing your bitcoins again:\n\n* igot.com was an online marketplace for buying/selling bitcoins established in 2013\n\n* igot.com appeared to be based in Australia though targeted customers in numerous countries\n\n* A large number of investors used igot.com to purchase bitcoins between 2013-2015, particularly customers from Australia and India\n\n* igot.com appeared to become insolvent in late 2015 and the founder, Rick Day, disappeared with 1000's of investors bitcoins \n\n* Numerous articles about the apparent igot.com scam have been published and can easily found with a quick Google search for \"igot scam\". For example, here is an article published by the Australian Broadcasting Corporation in 2016 - http://www.abc.net.au/news/2016-04-11/australian-bitcoin-exchange-igot-on-verge-of-collapse/7315894 \n\n* igot.com is now trading as bitlio.com as a continued attempt to scam more innocent customers\n\n* if you buy bitcoins on bitlio you may never see them again\n\nFurthermore, Bitlio has recently announced that they are offering Igot account holders the opportunity to redeem their losses through converting their bitcoins balance to IGX tokens, which are pegged at 1USD. These IGX tokens will then be made available, at some time which is not clear, for conversion into BTC or FIAT currency. See here - https://help.bitlio.com/hc/en-us/sections/115002197808-igot-Balance-Redemption-IGX-Tokens.\n\nWhile on face value it does appear that Igot/Bitlio is attempting to right their wrongs of the past, and return what is owed to their customers, it's possible that may not be the case. If Igot customers agree to the IGX redemption scheme, they will receive a number of IGX that correspond to the dollar value of bitcoin at the time the bitcoin was purchased. Given that most customers would have purchased their bitcoin before the end of 2015 (when it was trading at ~360USD), this will not be considered acceptable by most. In addition, if one reads through the fine print of the Terms and Conditions for Bitlio, which you are required to agree to if you would like to convert your Igot balance to IGX tokens, you will see that it prevents you from joining a class action against Igot/Bitlio. Given the current increase in the price of bitcoin, it is likely that many customers will be motivated to pursue what are now even greater losses. Perhaps, by assembling together and pursuing a class action lawsuit against Igot. This is an interesting addition, since this clause did not appear in Igot's T&Cs.\n\nA class action against Igot would likely require a number of individuals banding together to lobby a large law firm with expertise in such matters to take on the case. Given the current environment surrounding bitcoin in Australia, I believe it is the perfect time to approach a law firm to take on this case for two reasons. Firstly, on 1st July 2017 the Australian Government will pass legislation that recognises bitcoin as a legal form of currency - whereas previously it was considered a good and was subjected to tax (goods and services tax).  \n\nTherefore, from a legal perspective, what was previously considered a case of a stolen obscure product is now clearly a case of stolen money. Secondly, the recent rise in the price of bitcoin may provide incentive for large law firms to pursue this case, as there is a significant sum of money at stake. How much exactly is something that remains unclear in this matter, but I would estimate it to be millions of dollars.\n\n-bitjam",
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