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RE: Does Steem inflation push the price down?
Why should I wake up?
I don't think we disagree. I know cryptos are very risky, I own some myself. :) I know you can make money here if you work hard on some way. But it's another story.
Just because SBD is allowed to go straight to external markets there is this downward pressure on the steem price.
If SBD could only exit by selling or converting to steem then we had a little chance for real price discovery to leverage inflation/dilution.
Imagine, what a mess would start when SMT's are also allowed to exit straight to an external exchange, and not by selling or converting to steem.
#justsaying
This downward pressure is by design, with an escape to pump and dump for the handfull of whales. Just try to sit in their slipstream... it's the only way, otherwise we all get rekt... like we did this year...