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RE: The Invisible Hand In The Price Of Steem and Hive

in Project HOPE4 years ago

In current days I see FED and other central banks as an invisable hand, which ... surely doesn't ensure order in the economy. It's more like an "evil witch", mixing ingridients rapidly and trying to figure out what will be final result.

I'll have to agree with the fine points you've made here. The banks are somehow involved in playing the role of the invisible hand in the larger economy but not yet very much involved with crypto at the moment.

And my impression is, that there is more people doing it on HIVE than on STEEM. Parly because rewards on steem are much higher now (comparing to HIVE), which does encourage large accounts to hold to their staked SP.

Interesting thoughts but I do not have any evidence to support your assertions. But I think that if you're right, we should have Steem far more valuable than Hive is right now. I think the correlation has something to do with the identical reward system.

Ps: This is surely not my last post on PH. Cheers!

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 4 years ago 

Ps: This is surely not my last post on PH. Cheers!

I can only hope so :) I wouldn't like to lose contact with you and I actually really enjoy reading your publications. (I hope you also understand, that I may not have enough time to read posts outside PH).

cheers,Piotr

Thanks it's always my pleasure to post within PH