The key takeaway is that the majority available steem in supply is in SP. Since it is held in the contract for extended period of time, it cannot be sold immediately.
When the market recovers and people flood Steemit, There would be very little Liquid STEEM to go around. It will become a limited commodity which could very well drive price up despite the rate of printing.
The key takeaway is that the majority available steem in supply is in SP. Since it is held in the contract for extended period of time, it cannot be sold immediately.
When the market recovers and people flood Steemit, There would be very little Liquid STEEM to go around. It will become a limited commodity which could very well drive price up despite the rate of printing.