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RE: Lower steem price downwards pressure

in #steem5 years ago

Yes. I also think that @steempeak is way better than steemit.
But I don't understand why that should lower the downward pressure on steem price.
Steemit Inc. has to sell steems because they don't have enough ad revenue at the moment.
If people don't use steemit.com, Steemit's ad revenue will go down. Then Steemit will have to sell even more steems, thus generating more downward pressure on steem price. Or, am I wrong?

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I understand your argument.
But I still think if we decentralize steem more, Steemit Inc won't have to sell more, cuz it has to pay for less infrastructure cuz it's more decentralized (more decentralization -> one entity has to pay less)
Furthermore the big ninja stake wouldnt be sold at low prices..

That's a good argument. Though I think it will take some time to achieve enough decentralization so that Steemit can pay less for infrastructure.

And why?

Only reason that seems realistical: Stinc doesnt want Steem to decentralize further. There shouldnt be any other things that prevent us.
Good job if the centralized entity, which can do what it wants (even every hf they want) doesnt want any decentralization.

Leave the sinking ship

I think further decentralization of Steem will happen, but not as fast. In the meantime Steemit Inc. will need to sell some Steems.
I, personally, do not use Steemit, mostly Steempeak.

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