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RE: Question: Why will people buy STEEM?
I would like to point out one thing. There is no more STEEM creation by block production. The only way to increase the number of STEEM (a.k.a. inflation) is divesting one's Steem Power (STMP). So it will be a shift of influence from one to another.
If most of STMP owners is not willing to divest/sell their STMP, selling pressure will remain low.
Right, but without some intrinsic value in STEEM, this is a bubble isn't it? If lots of people vest their stakes it will be a very strong bubble :-)
Maybe I'm too afraid of bubble economics, as the whole FIAT system is a bubble too...