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RE: Can Steem Engine go bankrupt?

in #palnet7 years ago

Ahh, I see what you're saying. For instance You buy 1000 PAL, then earn another 1000 on the platform. Where does the second 1000 get it's value? I think that as the total supply goes up the price should reflect this by going down to match. Of course it's mixed in with people buying and selling and burning so I think it should find a balance, at least that's how I think it works.

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Yes, that is what I meant. As long as people keep buying, selling and burning it'll probably find an equilibrium like you say. But it could go wrong. Or that's what I think with my limited knowledge of economics and blockchain.

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