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RE: Blaming DEC for STEEM's price going down isn't an overstatement

in #palnet • 6 years ago (edited)

Whether you're right or wrong with your assessment I think it would be worth while to quantify a statement like "Most of the crypto profit going to steemmonsters is held or traded off for fiat at an increasingly lower price" with some factual statistics, from a credible source. Or If it's just a wild guess than say so :p

6 years ago in #palnet by
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     6 years ago  

    From my reply above:

    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).

    Ideally, I should not be able to make wild guesses like that.

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       6 years ago  

      There's 1 million steem in Steem-Engine.. that's a whopping 0.02% of the total circulating supply. Steemmonsters market cap and steem-engine market cap combined are a tiny fraction of circulating supply. A grain of sand on a beach.

      These guys are single handedly trying to save STEEM. Imagine no SM and no Communities, STEEM would have FUCK ALL going for it. To blame this game for the drop in price is nonsensical. I don't know why people attack one of the only things that actually adds value to the steem network.

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         6 years ago  

        attack

        Out of everyone who replied in this post, you're the only one who took it as an "attack".

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