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RE: What Will It Take To Stop The Price Of STEEM From Free Falling?
Technically no amount of steem ever leaves the blockchain. It is just transfered to an account that is controlled by a third party. In that sense steem-engine is just like any other exchange.
That's true, @apofis
@burnpost disagrees with you.
Of course you are correct, that would be one of the exceptions to my statement. The other exception is when the keys for an account are lost, although in theory in this case it is still possible to unlock the account again but in practical terms we can consider the funds in those accounts as burned.