All well and good about steem power. Except my SP keeps going up while the overall value of my wallet goes down (note: I'm only holding steem power in my wallet) so there must be inflation and devaluation occuring even with steem power?
RE: The Price of Steem Will Always Go Down... It's Supposed To : The Magic of Steem Power
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The Price of Steem Will Always Go Down... It's Supposed To : The Magic of Steem Power
The overall value of your wallet is going down because the overall value (market-cap) of Steem is going down. SP doesn't ensure you maintain a dollar value, it ensures you maintain an equivalent percentage stake in the total value of Steem. If the market-cap of Steem were stationary at say $100,000,000. Over time you would see the price of each Steem go down and the amount of SP go up. Balancing each other out for no change in overall value(market-cap). Right now the Steem price is simply falling faster then SP is going up. I hope that makes sense.
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