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RE: Thoughts on the future of Steem and its success (or downfall) by Federico Pistono, best-selling author
Correction may be inevitable but might not be as violent as we see with Bitcoin. Steem seems to have a virtuous cycle where the people who earn are given incentive to power up, which seems to raise the market cap, which seems to increase the payouts, which makes it even easier for new people to power up.
I could be wrong but that is a way it could go.
Exactly.