RE: Circle buying Poloniex and why it's making STEEM price go down temporarily.
Over the automated market maker, what will happen, is that STEEM will be locked to generate the liquidity. If you include to that the process of burning steem with every new user signed up thanwe've a perfect storm for massive upside in the price of STEEM to the point where being a Top 20 crypto is easily imaginable. Circle buying Poloniex is a great news. I hope this means a change to NY residents as well since I live here, this exchange is not allowed to accept New York residents because it lacks a state license to operate a cryptocurrency exchange. However some New York residents did get around it and had claimed that they lived elsewhere, so they were able to trade on Poloniex. Clearly, people can get around things like IP restrictions, and other restrictions, and people do it all the time.
Yeah people can get around things like IP restrictions and so on, but who knows what they'll decide to do. They might as well add even more restrictions that you couldn't get around, well at least not easily.