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RE: Can Steem Engine go bankrupt?
It would take a lot for that to happen. I don't even think it would be possible really. In order to sell your tokens someone has to put steem up. So unless every token became worthless and all the steem that was locked up flowed out of steem-engine it wouldn't fall. At least that is my view on it from what I can tell at the moment.
So the profit someone can make inside Steem Engine comes from someone else buying in and the system as a whole is not generting new value?
Would be the same as eth,tron, and eos and the tokens they issue. It in essence stakes those coins putting less in circulation but I could be wrong.
Posted using Partiko Android
hi @bitcoinflood
I also think that only in theory it could happen. Very unlikely that we would ever experience such a run. Especially knowing that most tokens are staked and powering down takes so much time.
Cheers
Piotr