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RE: Does Steemit Inc Have A Conflict Of Interest?

in #busy6 years ago

I don't really feel that there's a conflict of interest here. Steemit's STEEM holdings are a FAR larger asset than steemit.com, so if they want to act in the best interests of their shareholders they should do whatever they can to raise the price of the token. Doing so would also help steemit.com more than anything else they might do.

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In other words, they probably shouldn't consider drastically modifying inflation so casually. The entire reason cryptocurrency exists is due to central banks having full control of the inflation of their product. Absolute power is going to Steemit Inc's head.