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RE: CASHFLOW OR CAPITAL APPRECIATION? - WHAT IS THE TRUE VALUE OF STEEMPOWER?
I enjoyed the reads and like your thoughts. I am not an expert, but i noticed one thing. Never underestimate the dumbness of the people.
One example: Every month on fullmoon since January 2017 Byteball is paying "Bitcoin owners" for holding bitcoin. On 9th. of July every bitcoin owner gets currently more than 60$ in return just for owning 1 Bitcoin, so 6000$ for 100btc (2-3%) just for signing the ownership. That will repeat 1 month later. How does this work? The normal conclusion would be a massive drop in price after the giveaway. But it never happened. Sure its gambling. Is the stockmarket any different? I believe the stockmarket is the "casino" for guys who would not go into a "casino" :))).
Yeah - I've been pondering that one myself. Is this where the term "Fullmoon Party" comes from...heh.