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RE: 1 STEEM = 1 SBD: And So It Begins!
Nope, the market spike was speculation and FOMO... and the artificial part only sped up the downtrend, the fact stands that the market pulls SBD down through all of the incentives to spend it and the permanent inflation etc etc... now explain to me, what does the market give SBD to make it go up? What mechanism is there for it to value if it gets printed increasingly more with adoption and all of that.
Okay so your explanation is FOMO and now grumpycat is being blamed for manipulating the market.
Whatever the explanation, free markets are not at work and if by any measure your assumptions are true then this is a platform where one person and some factors can manipulate the markets.
I must take a break from this. This to me is centralized indecency. Thanks for pointing it out. Hope you are wrong.
Will be back on steemit when it’s all sorted out.