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RE: Wanted: How to bring value into the steemit ecosystem. $200 SBD bounty
Right, but the market cap has been going from 400M to 50M. So the inflation does not explain the price, there are other selling pressures as well.
well, why would ppl buy steem? u need a shitton of it to be a whale and make money voting. the only way to use steem is to write stuff, get paid, withdraw. the only ppl keeping steem are the ones that have a shitton of steem power.
I guess that the only way to keep the price up would be to use it for everything. to create a system where people get steem and pay for stuff with steem. you would basically need steem to be a national currency to keep it up, and even then it probably wouldnt work.
That is a valid point. The only reason to buy steem today is to invest in steem and power up.
If you wanted to use steem currency for commerce, one would rather buy steem dollars.