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RE: My Thoughts and Theory on Steem Price Sustainability
Absolutely agree. Teams should be supported by revenue models where possible, not by selling steem. Unless the project is in start up phase (for the first year or so) until it is bringing profits in.
In essence, the situation is that the creators of the system are gradually selling it to the world over a few years - but not announcing this. They (and we) would be seeing a dramatically better outcome if they had formalised this and scheduled it officially in some way as other projects do.