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RE: The potential for Steem insanity
It's fascinating to consider the way the different incentives might play out. I know for myself, in the last 2 years, an author's likelihood of selling has been a big factor in my voting decisions.
If STEEM regains $8, I'll be far more concerned with quality, and far less concerned with supporting the price. I also imagine I'll vote with less weight, on more authors.
Assuming others do the same, the currency itself will be spread a lot further; which is the other side of the equation. If we moon, then come back down to $1, but we have 5x more people holding/using/accepting STEEM and/or SBD, I'll consider that a win.
I believe this is one of the core reasons it is harder to earn at the highs as people more closely evaluate what something is worth. A meme today could get 5 SBD or 25 STEEM, but at 8 dollarSteem, most aren't going to think it is worth 200 dollars - so they lower the voting vests.
I know you know this, but just in case someone reads ;)
Yeah, it is going to hopefully be another aid of distribution and then, SMTs get involved too.
@mattclarke you have received
20 ENGAGEfrom @tarazkp!View and trade the tokens on Steem Engine.
!ENGAGE 20