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RE: We're back and climbing.... to the moon!!! or perhaps not....

in #steemit8 years ago

Good job, Very interesting.

So, how this relate to the Steem price. Probably not a direct correlation, but as more Steem is "printed" and people cash out, the price is going down while users are growing. Would be interesting to compare these 2 charts to have a better understanding. If the price of the coin keeps drooping and stabilizes at a lower point, 1000s of dollares can quickly become 100s. Hyperinflation.

Any thoughts on this?

Thanks for sharing this information

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I suggest you read the whitepaper, it discusses exactly these scenario's you describe and how it is the steem ecosystem is designed to mitigate this.

Glad you liked it...