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Yep, that is exactly what I was thinking. $0.05 in a couple of months. Some of these whales are wreckless enough to just drive the price in the ground at that point. Suddenly it will be like Auroracoin and all the good content creators will have left because the only accounts getting upvoted will be sockpuppets with plagiarized posts.

Auroracoin and whales + Iceland - I'm sure there's a link there somewhere??? sockpuppets with plagiarized posts - I like that line ;)

$10 million has fallen out of STEEM's market cap in 24 hours! OUCH!!!