You are viewing a single comment's thread from:
RE: What Happened to the Steem Price?
Great article. Things did seem to be growing very fast at the end of last year and I was sure it wouldn't last. For Steem to be successful as a currency I'm sure it needs slowly and steady growth and not these big spikes otherwise nobody would use it for commerce.
You buy a cup of coffee today that is worth half as much tomorrow, nobody could rely on that.
Steem itself doesn't need to be that stable. Steem is the equity token in this system, Steem Dollars are the money token. It may come to the point that Steem is stable enough to be money and Steem Dollars are redundant, but I wouldn't expect that to happen soon and it doesn't really need to.
Sorry. yes I I meant Steem Dollars. I still believe that any crypto will find it difficult to be used for commerce if its price is so volatile.