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RE: But...It's a Scam, Right? How Do You Explain Steem to Others?

in #steem9 years ago (edited)

I agree. I think the monetary supply is explained nicely by a combination of short term market speculation and long term monetary commitment (steem and steem power). But like many have touched on here already, I can see why it can be hard to understand why anyone would speculate on communication as a currency to give the token value in the first place.