Ok that's a fair point! But then isn't that maybe also one of the potential main reasons why the crypto markets are tanking generally?! And yes, that also underlines that the sky-high prices were driven by speculation primarily.
I guess there's only so much speculative capital that can flow into a market and the "supply" gets drowned in exit scams like bitconnect and the countless drained ICOs... where does that lead in a longer term? And how could such scenarios play out inside of the steem-economy with SMTs?!
especially if STEEM becomes the SMT cash out currency
I think we share similar concerns there
Absolutely.
As long as you have winners the capital will come, same concept as gambling.
There is one concept that crypto and the free market re-introduced to us which is to take responsability for our actions. I think it's a good thing.
That's an interesting way of looking at it actually. I hadn't seen this before, but it does make sense to me!
The responsibility is an interesting aspect, too. Because I guess that's what I feel is lacking a bit in this landscape. It's not a secret that many players go out of their way to avoid accountability for how they use their stake.