RE: When the market cap of Steem stabilizes, most people will start losing money

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When the market cap of Steem stabilizes, most people will start losing money

in steem •  9 years ago 

As you said: if the marketcap stabilize. This is why steem dollars are there and that the marketcap has to grow with user adoption. Otherwise: Contribute or die.

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^

My current rough plan is to keep 15% of payouts in SBD, ~5% in STEEM depending on how its looking on the exchanges, and dump the rest into SP and keep on contributing ;)

I've had similar concerns about the model in the long term due to the way influence naturally consolidates up in it without any real penalty mechanism outside of influence inflation (sort of what's wrong with the world at large so that could be less than ideal depending on how it plays out.. we'll see), but if we see it being an issue some time after launch there's no reason we couldn't look into a hard fork to remedy it then.

"but if we see it being an issue some time after launch there's no reason we couldn't look into a hard fork to remedy it then.

well... you just cut the hypothetical Gordian knot!

  ·  9 years ago (edited)

lol not to toot my own horn (too much), but lateral thinking is what I do best ;)

Most people see straight lines... to me its always just a bunch of squiggly shortcuts. Rarely do you need to throw the baby out with the bathwater even though it often seems like the only option on the surface. Just step back, cross your eyes, and you can almost always figure something better out :P

I think it is bound to happen sooner or later. The userbase can only grow so much.