If 1 trillion STEEM were simultaneously emptied onto the market, what would happen?

in #steem7 years ago

1,000,000,000,000 Steem.

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Needs a meme that one me thinks! ;)

I think we would steem like we are never going to stop steeming. I think there will be quite a jam and the SBD will dominate the cryptocurrency market...my thoughts...lool

I think we would a price dilution similar to that of Ripple (XRP).

oooh I have missed the know-how of Ripple(XRP). Is it another cryto coin

Thanks. I will visit the site and learn more

The University of Steemit is always open Patrick :)

hahaha...You are loaded man

Loaded with hunter knowledge! LOL!

Price will go down...

Like waaaaaaaaaaaaaaaaaaaaaaaaaaaaay down! Like Ripple low!!

Do you know something we don't Hunter?!

Ha ha! I wish I did ... I wish I'd ninja pre-mined one trillion coins :)

Worry not, I got .02 sitting pretty for you 😎

Back covered by the Asher. Super cool!😎

😁

I have to ask your opinion on Curation - I mean, it's not really worth it is it? What are your views?

Greater than 100K SP = worth it
<100K SP = not worth it

Pretty much what I was thinking. Thanks. Too much written about what time to hit the vote button, and who'll get what. For 99.9% of us, the answer is not a lot!

Land a well timed vote with a comment (early on imo) and you've got a months worth of curation value right there.

I got a $44 comment earlier today! BINGO!!

I think you guys are completely in agreement regarding what you mean by worth it.

I just wanna point out that maximizing financial return isn't the point of curation.

The point is supposed to be promoting content that you like, so that the creator is motivated to do more and better creation, and lotsa people get to see it.

Not being critical of you guys personally, honest. I just want to find a way to actually achieve that purpose of promoting content.

So, I ask, what changes in Steemit might return curation to it's original stated purpose, from the wealth creation strategy it seems to have become?

Curation has been crushed a little by HF-19 and the reward pool payment changes. Over the next few months were truly going to see how things have changed??

We would have a slight issue...

What's up with all the hypothetical questions 😄

I got lazy today Tishya! LOL! BTW got a STEEMING LIVE vid coming later :) Tune in!!

Understandable! I thought you were either testing us for something or preparing us for the Steempocalypse, haha!

Sounds cool @mindhunter!

I think that would be both awesome and horrible at the same time...

Awesome because its so much steem and who wouldn't want that much steem?

Horrible because it would drive the price way down and it wouldn't really be worth that much, if I'm understanding at all how the cryptocurrencies work that is....

I could be wrong though. (I really am still trying to grasp all the cryptocurrencies entail but I'm a slow learner at this stage of my life I guess because I still can't figure out how to buy any steem so what do I know eh? :D)

Your doing just fine @frostyamber - Steem on!

supply and demand
do the math.

Another hypothetical question to press buttons :)

Well, I assume the price would drop. Captain Obvious, I know.

Love to know by a factor of how much?? Worse or better than Ripple??

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