Interesting theory. But what about the impact of new Steem Monsters players buying Steem to purchase cards & DEC. Are Steem Monsters sales of Steem really enough to be depressing the price? Seems like a general altcoin thing to me.
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The lack of transparency from an account like @sm-usd and how annoying it is to dig up transfers and final usage of tokens that go through steem-engine for a non-programmer like me are the things that make me worry (not accuse).