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RE: Circle buying Poloniex and why it's making STEEM price go down temporarily.
You read my writings...I dont have a problem with a positive attitude about STEEM and dont think anyone else should either. It is one of the few givens in life (as long as the developers produce what they profess they will which I have confidence in them achieving).
I think too many people really overlook the nuances of what is here. The fact that STEEM is going to make all tokens created on here liquid means a vast amount of it will be pulled from circulation and put into the exchange pool. The fact that more than 60% of STEEM is held is SP means a great deal at reducing the liquidity of STEEM on the open markets...another thing to drive the price up..
Or that bandwidth is used in lieu of transactions fees...and that is priced in STEEM.
Haha, there's just so much to look at when it comes to predicting the price of STEEM in the future, it's almost impossible to remember and take into consideration everything that is already here and what will be added in the future... I'm very excited for all that is to happen on this Blockchain!
Yeah and then the technological shifts that we both know are taking place over the next decade.
What happens when unemployment due to automation starts to his with any degree of force? What are people going to do? Since nobody is talking about that now, turning to the government wont work since they will be too slow to react.
STEEM really is a great answer, especially for those who get in early like we are.
Powering up now will pay huge dividends in 6-12 months.
Yes, exactly. Technology is not going to slow down and we'll see a lot more automation and this will lead to more unemployment. Obviously STEEM is probably the best answer to solve that problem!
Yes. THIS is the mindset I also share.
Power up up up and destroy my slave debt, while building a sustainable life without the help of gubberment.
YES!
@biffybirdcam do you think people who agree with government would share that view of technology?