Do you think I want to be hodling all this Litecoin?
Hell no, buy me some more Steem.
- We have a social media foundation.
- 3 second blocks... yada yada yada
I want to build dapps here.
Swing trading all Litecoin into Steem.
So yeah it sure would be nice if the price stayed dirt cheap until then, possibly even sliding down the market cap. That would benefit me.
Need as much Steem as possible.
As a dapp developer in a decentralized landscape, many of the gains to be made get captured in whole by the network. This gives no one any financial incentive to create the product in the first place.
With crypto this no longer the case. The more stake you have, the more you benefit from those fundamental gains to the network. This is how the open-source economy will begin to scale; synergy by incentivizing "needs-of-the-many" projects that have no direct benefit to the creator other than stake in the underlying currency. This is exactly how Steemit Incorporated operates.
Combine this with Steem's ability to fund projects simply by liking posts on a social media site, and you really have something. I suppose we also can't ignore the EIP. Getting funding on Steem to bring value to the network is shaping into one of the best projects I've seen in the space. There's obviously a lot of debris to clear but the path is visible.
Conclusion
There are a lot of jaded community members here. A lot of people have been burned and we've been suffering through the bear market longer than a lot of other networks. Lot's of people think Steem can die and that we'll just keep bleeding out forever.
However, it's prudent to note that Steem has liquidity issues in both directions. When SBD > $1 inflation to the Steem network is cut in half. When we print too many SBD, Steem gets flooded after SBD drops below a dollar.
Once Steem liquidity is gone... it's gone. When everyone thinks Steem is in a bull market millions of coins are going to be powered up from the exchanges
@penguinpablo
Can you imagine the demand for Steem going up but the number of coins on the exchanges going down? Well, with our crazy economy where you stake coins to generate more inflation, it looks a lot better in a bull market. We create a lot of fishtails in this way, and we are about to swing back hard. However....
If Steem whales want to keep dumping on the market at these prices and suppress a bull market... let them. They're gonna do it sooner or later. Might as well be now.
In my eyes this would make the network more decentralized and secure. I'm playing the long game.
Return from I Hope Steem is 14 cents in December. (Long-Game) to edicted's Web3 Blog
