but the steem power is given out over 2 years of small weekly payments. so it wont be anything sudden.
You are viewing a single comment's thread from:
but the steem power is given out over 2 years of small weekly payments. so it wont be anything sudden.
@traderjeff I more than accept that. your completely correct, and if user number keep increasing the market may be able to absorb the increased selling volume over time. The one caveat to this is that, @1.3%, it doesn't take much powering down or much time to create an imbalance. Essentially, if 25% of accounts powered down tomorrow, within 4 weeks, there would be a 100% increase in potential sell side volume. Hypotheticals I accept
And that is a really, really big if. Furthermore it wouldn't be a surprise because everyone would know it was coming. That's part of the problem in panics. No indicators to explain it.
With Steem Dollars what reason is there to rush to power down? Steem market cap would have to be much higher and there would have to be much more than 14,000 or so users. What would cause the Great Power Down scenario?
I do want to make it clear, I believe in this project, I think it's great and revolutionary. Just think Steem price is too high right now.
Some of us think Steem price is too low. When Steem price goes higher than wouldn't our payouts also go higher? So we should collectively want Steem price higher right?