You are viewing a single comment's thread from:
RE: Recent quote from Ned, "There are two types of speculators - long run and short run."
And we need merchants accepting STEEM, this will raise the value
And we need merchants accepting STEEM, this will raise the value
Merchants are less likely to accept Steem if it is highly inflationary than if it is slightly inflationary.
I agree. I am hoping we see a much less inflationary version of Steem in the IMMEDIATE future... dropping 10% per day is unacceptable and threatening to bring the whole system down.
That, and we have to adjust the pay of witnesses... by a significant amount.
Hopefully those 2 things combined will help balance out the supply/demand problem.