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RE: The Price of Steem - Where Do We Go From Here? Reflections by Charlie Shrem
i think not less of importance (if not more) is to have a value for SD - and a market is the most important thing
i think not less of importance (if not more) is to have a value for SD - and a market is the most important thing
Openbazaar uses bitcoin (which has a lot more users than steemit) and the market only have an average of 8 transactions per day and its been around for months.
Now if you integrate a marketplace on coinbase.com you will see that the market's traffic will be huge compared to openbazaar because you use coinbase customer base directly.
That's why the marketplace should be on steemit.com otherwise very few people will use it.
@charlieshrem Regarding the price you can read my latest post and you will understand why the price is only going to go down from there, it might go up because of a bubble but it will shortly after get back to a slow downtrend. Basically there is no incentives to stay powered up. Whales who have been powering down continuously for months have a lot more steem power than when they started cashing out, the system provides people with unlimited ressource to suppress the price of steem.
Yes, they have alot more SP than before but also they have less percentage of the "total pie". With each power down their "pie share" keeps decreasing.
Selling 1% of your Bitcoins per week or Selling 1% of your STEEM per week is the same thing. STEEM is just a little bit more "complicated".
Vests are worthless if there is unlimited ressources to suppress the price of steem.
There are only two "unlimited" things and the "resources to suppress the price of STEEM" is not one of them.
[Edit]
If you are holding STEEM long term, you are doing it wrong! SP is the way to hold long term.
Not going to waste my time with you again as you clearly showed your lack of repartee and also lack of basic understanding of steem in this thread https://bitcointalk.org/index.php?topic=1618105.0
The only one obviously wasting his time once more here is me...
Can't say I didn't try though...