Yah me too
RE: CEO of Steemit, Ned Scott interview on NYSE - re-post due to popular demand
You are viewing a single comment's thread from:
CEO of Steemit, Ned Scott interview on NYSE - re-post due to popular demand
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
reward pool goes up and down based on traded price of steem. as long as their is confidence that steem has value and is likely to be tradeable to BTC or USD.
as long as confidence continues and grows, price of steem grows, and the reward pools grows.
two different perspectives of this situation
one view is this is a Ponzi scheme, the value of steem and reward pool will collapse to zero once the Ponzi scheme pulls in maximum users. early in gets most of the rewards.
alternative view is there is not that much difference between steem and USD. Once confidence in USD collapses, the USD will collapse and be worth a lot less. just like a Ponzi scheme. the lasst in to hold USD will get wiped out when the Federal Reserve Ponzi scheme collapses
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit