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RE: Steem is Dead!!!!!!!!!!!!!!!!!!!!! or is it?

in #steem5 years ago

You had me with you till you mentioned STEEM at $100! I'm not going to quibble over exactly where STEEM can peak, but we have already experienced what happens when either STEEM or SBD (or both) become significantly higher than now. The system triggers have resulted in a system that is remarkably stable when looked through the lens of STEEM rather than the USD.

So much so, that STEEM seems to behave more like a bond than a stock, in the sense that the current inflation rate (which is also the interest rate) is high at about 21% APR compared to the coin production rate of about 8.5%. It seems ironic that to get the price back up (in USD terms) we need to bring that 21% down. The only way to do that is to use one's vested STEEM in rewarding activities - upvoting!

Even for those who are away, create an auto-voter that uses your daily allowance. You will come back with a bit of interest and the economy will have some juice flowing around it! :-)