RE: My Thoughts and Theory on Steem Price Sustainability
Excellent presentation. The only part I would disagree with is the "everyone will power down eventually" mentality. I think this plan put forth by Dan does not include selling STEEM. I'm idealistic enough to believe we can create new mechanisms of value storage and transfer and keep that value within the community that believes in it. If the community doesn't sell, the price remains stable and can be used within the community for goods and services. The most important thing is the story we tell ourselves about the value tokens we hold. Even pieces of paper with dead people on them can be used if the story is shared by enough people.