RE: Has STEEM reached a price floor?
Dear @deepwaters
Interesting choice of topic.
Personally I think STEEM is far from reaching the bottom. As long as Steemit Inc is dumping huge amount of STEEM every month in order to cover their expenses (and at the same time not bringing any revenue from ads into steem blockchain and only keeping it fully within their business) -> price will be only heading down.
On top of that HF21 is being introduced and those upcoming changes are putting many people off. So selling pressure is only growing.
The current STEEM prices seems to be a market price floor.
I think STEEM didn't find market price floor yet and we're still going to slide down. But that's just my own opinion. PErhaps I'm not as optimistic as you are :)
The chances that a government uses blockchain as a tool for transparency are very thin.
You nailed it. Big time.
Yours
Piotr
Piotr,
I appreciate your point of view. Specially with your critique of Steemit, Inc. Do you think they should accept compensation for their own posts? I think so... They publish content and they should accept paid upvotes. It would help to some degree.
Also, YES, they should accept advertisment money and also create advertisment to invite new users.
I appreciate the comment, and I wil be following.