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RE: Justification for 104 week Power Down

in #steem8 years ago

The flipside is that many people simply extrapolate some numbers or make some skewed comparisons to come to certain wild numbers. Like: if Steemit has 1 mio users, the market cap per user should be this and that. And you compare shares with an explicit hot potatoe like a Steem token to get to the market cap numbers. What complicates matters even further is, that the majority's perception can turn to be right, even when it is logically wrong. If everyone believes the nonsensical market cap comparison to make sense, it actually does, at least in a practical sense. The longterm sucess will depend on the incentives people will perceive to BUY Steem Power. At this exact point in time, it is rather limited. Or did you buy any or know many buyers, even among the enthusiasts? Not powering down is not the same as buying Steem (Power).