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RE: Blog 6: Why is the value of Steem what it is. Part 1
Yo! This is the first time catching up with you after @clio told me she is your mum and surprised @exyle too, you are such a happy family and keep it up to always have time tomkeep the family stronger.
"The cryptocurrency project founders/leaders are in control. They have a lot of freedom and can bring additional coins from the total supply into circulation."
Is this reason why the price in steem and sbd is has been unstable badly and why the minnows has been experincing bandwidth often lately? I think they are trying to excercise their freedom since they have freedom to do whatever that is going to favour them. Would really like to know the future of steem over sbd if you have a broad knowledge on it.
Hi. Actually I don't think so. In the case of steem the amount of circulating coins is increasing over time, but it is controlled and very transparant. This implies that everyone can take this into account when investing and it should increase the volatility of the price. Thanks for you thoughts!