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RE: Bitcoin price stability means increased market cap, how the market values Steemit, will there be another Ethereum hard fork?
There is an equilibrium at stake with Steem, meaning that if price goes down, you can buy a lot of steem (power) for cheap. So it's a self-correcting mechanism in a sense. The price can't really collapse due to very low liquidity of steem tokens.
Under that scenario isn't it only self-correcting if there is still a strong desire/demand for Steem Power?