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RE: Does Steem inflation push the price down?
Batten down the hatches, them sea's be looking stormy.
The inflation may push the price down but as steem becomes more popular (why wouldn't it?) more people sign up... Unless it turns into a ghost town and people don't sign up because there is no good content to find here. They can just use reddit or facebook and post content without any potential earnings.
There are more wolves lurking out there... I think Tron, Lino, BAT/Brave browser etc., many are intending to kill Facebook and Google in crypto space... Many are wanting to be the next huge thing in media space.