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RE: Binance Steem Withdraws Back Online

in #binance5 years ago (edited)

The market is strange today. Fiat is lent at negative interest. Sovereign nations sell 100 year bonds at 2%.

Netflix, Tesla, and others hemorrhage cash and the value of their stock rises. It's insane, and cannot be sustained. Quantitative easing is of temporally limited value. The price of Steem has a long way to fall IMHO before the profiteers abandon it and it becomes available to investors to begin to build up the social media platform into the growth model it can be, enabling brobdingnagian capital gains and potentiating voluntarist governments to form with Steem as a basis for discussion and funding communal enterprises.

You are right, however, in seeing price as not particularly relevant, except as a means of dislodging parasites. The real value of Steem will be shown to be not capital gains, but the potential to transcend societal paradigms of governance. That will be enabled by investing for capital gains however, and that will be enabled when parasitization of production ends.

HODL '..and damned be him that first cries 'HODL! Enough!'

Also, your experience with leaked keys is different than my own, possibly because your key wasn't leaked on chain, where a perp runs an app that searches for keys and seizes accounts when they are discovered.

Thanks!