The problem when involving cmc and the price of STEEM there is that you automatically report it to another currency. Which might not be what everyone is doing and is only marked price depreciation for those who choose to withdraw to fiat or bitcoin right now.
Otherwise, one might calculate inflation in the Euro Zone compared to Euro's swings relative to USD.
It's true, to really not be concerned about STEEM price drop, a developed economy on Steem would be needed.
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