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RE: How marginal utility suggests a price dip after the hardfork
You bring up an interesting point that I hadn't considered, re:
I anticipate a reduction in whale demand for steem after the hardfork. Whether that is balanced by minnow demand is yet to be seen, but I believe unlikely.
Perhaps this is the way that the "93% of all Steem is owned by 1%" statement that I've seen recently can be addressed?
Maybe it will take time to occur, but if low SP users can actually earn it, and can be motivated to invest the time to make it work, there can be a more equitable balance in the rewards pool.
Long term I think it's probably good for the platform.
I wrote this to allay fears after the hard fork.
"Don't panic, the price dip is actually expected"
Of course it's always nice to be right :)
Well, the price dip wasn't isolated to Steem.
Correlation does not prove causation.
... but I avoided being wrong :)
Sorry, I should have put that up front. ;-)
Maybe I thought that was a given?