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RE: Steem rambles on

in #steem6 years ago

Um. There are a couple of things that I see as a potential benefit. There is about 20% of the supply on exchanges now but there is 65% powered up and 15% liquid in wallets. (Steemit Inc is going to make things potentially interesting)

So anyway, 20% on exchanges. Price pumps... there is a 13 week powerdown so it is almost impossible for someone to liquidate unless they keep 100% liquid.

Then there is the other side of the game. My vote is something like 65c cents (if 100% voting power). if Steem got to 10 dollars as an example, my vote would be around 30 dollars 10x a day. If I sell, I lose that ability to vote. Depending on the way the market goes, there will be people selling early and will miss their buy back. I don't plan on that being me as there is a long way to go in the future here and 300 dollars vote value a day works out to ~110k a year. so at 10 dollar Steem I could liquidate for 370,000 or perhaps have a recurring earning of up to (being an ass) 30% a year.

The more people who sell low, te higher the distribution, the less volatile it becomes as not as many are going to be dumping hundreds of thousands at a time and, there will be many, many more users so percentage wise, it will have less impact.

Then there is the potential with Resource credits that are only created from powered up Steem but could become a pool that could be earned upon in the future. Sell and lose access to RC sales as RCs disappear as soon as the steem is powered don. The more people who powerdown, the higher the price of RCs as they become scarce.

There are many options to come, it is early days in a burgeoning industry.

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Thanks much for writing this, this all makes good sense. I’m not worried, and definitely not an economist. Your explanations + examples are much appreciated!

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