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RE: Steem sinks and raising scarcity
increased unemployment and the search for supplementary revenue streams
This shouldn’t be underestimated. Steem could become very hard to acquire, but SMT’s could fill the income stream gap for those unable to afford Steem. A lot of people talk about UBI helping to cushion the unemployment created by A.I. and other technologies, but if governments are struggling to service their debt now, where are they going to find funding for UBI when tax revenues fall at the same time as interest rates are rising?
I am quite sure most governments are going to be unable to provide an adequate support which will essentially force people to find other means. I do think that SMTs will be the income provider on Steem due to the scarcity and cost of Steem tokens but, Steem investors will power them.