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RE: The reason of steem losing its value
I agree with your point of view ! But I think my analysis is not totally wrong , do have a counter argument for whales exploiting their voting power?
I agree with your point of view ! But I think my analysis is not totally wrong , do have a counter argument for whales exploiting their voting power?
well my feeling is..
THis is one of the very first real life examples of true Anarchy.. and to be specific Anarcho Capitalism. That means that basically there are no rules except those we choose to make and follow for ourselves. We are all in our rights to do as we see fit, and also to say what we think about it. It is also about making money and those with investments do want and deserve some returns if they choose it.
Personally, i think whales are entitled to do what they want.. overall they do AMAZING things here on Steemit to support new and great writers.. just look at @curie and @hendrikdegrote for example.. i know SO many people who were blessed with an @curie vote ... Whilst there are of course example of whales enjoying their own power and doing things you may not like.. it is Their money that has brought the price of Steemit to where it is.. and they are the ones taking the risk with a 13 WEEK power down.. Therefore i have no complaints.. since overall they are actually amazing people supporting things that i really agree with..
Meanwhile.. 90% of users are here to make money with no risk and no money invested.. when more people start to put their money (even just a little) where their complaints are.. then i know Steemit will truly prosper..
Gosh me driver, didn´t expect to meet you here, in the hollers of economic "theory" 😉
This article is wrong on so many levels, I couldn´t be bothered to point them all out, but by the grace of you and flauwy the author got some good explanations.
Let me just quote another legend, the great Kostolany:
"The whole stock market just depends on wether there are more idiots than stocks,
or more stocks than idiots."
My favorite explanation of how supply and demand drive price.
Thank you @likedeeler!
Thank you for your valuable insight. Really glad to learn that I was wrong.
Happy u agree! Its all personal opinions really!