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RE: OMG Steem Price is Falling WTF?!?! - Why Steem is Probably Okay and How You Can Help It
Great post and good points! My only comment would be that currently steem is falling much faster than it was designed to... The dilution should account for roughly a 2% decline per week on average... it is falling closer to 8% per day on average... things need to be tweaked.
Yes, that's been a real concern. But if the trend of the last week or so continues, then we should be okay. But yes, it's clear there will have to be some adjustments. I just wanted to counter act all of the negative "Steem is falling" articles and make it clear that we are not in as bad a position as normally portrayed.
I think the only reason for the bounce last week was that @ned and @dantheman were able to instill some short term confidence by saying they were going to tweak things that may counteract the supply/demand imbalance. If they don't follow through with that in the very near future, like this week, I would expect the acceleration to the downside to start right back up again shortly...