You are viewing a single comment's thread from:

RE: Putting on the Thinking Cap

in #steem6 years ago

Steem cannot be purchased in its totality, because as you start buying it, the price of the Steem you don't own rises exponentially. If you pay $100million for a quarter of all Steem tokens, the rest of the Steem tokens will rise in price by $2 billion, thus making Steem in total unaffordable.

The reason for this exponential escalation is that most Steem is printed, not bought. Therefore, the impact of $100million real fiat dollars entering the eco-system will shock the system to a degree about 20 times the amount invested. Thus the average Steem token would rise from $1 to $20 overnight. The 20:1 ratio is the best guess regarding how much real fiat money actually flows through crypto projects, the market cap of most cryptos being a hope for future growth.

Therefore, it is impossible to buy Steem in it's totality.

For the sake of clarity, I will address some of your other suggestions in another reply lol.

Sort:  

Yes of course Rodney, I'm breaking the 5th Newton law here.... this is quite impossible.

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.032
BTC 60972.25
ETH 2632.93
USDT 1.00
SBD 2.57