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RE: Haircut is around the corner unless STEEM price is above $0.245

Just because it is possible to write code to make anything possible to conceive does not make that code useful to society. There is a basic difference between profiteering and investment. Profiteering extracts the value created on Steem social media using stake-weighted VP, and this prevents that value increasing the price of Steem, preventing capital gains. Investors have always used their stake in an investment vehicle, such as Steem, to increase the value of the investment vehicle, and generate capital gains.

The two mechanisms both enable profit, but only the latter improves the business. If you don't care whether Steem social media are successful, then profit is profit. If you intend for Steem to improve it's business and grow in value, profiteering is bad, and capital gains are good.