RE: Value Is In The Community
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Thats the great thing about the blockchain , you can see who are buying selling but when the price rises then the sellers will price themselves out of the market . Anyway I wonder could @abh12345 work his magic and do a spreadsheet looking at the the top ten largest selling accounts and then compare it with the steem going to exchanges so the "bills" can be paid. Then just dont upvote them . Simples. What did these people do before blockchain? Work maybe? I dont mind selling a percentage of their reward for steem but what you say above is just leeching the system and it will be the reason that Steem, whaleshares weku and scorum all end up on the scrapheap . There will be alot of "Final Warning Bills" being sent out when that happens. Great post mate . We need more people like you saying how it is .
This isn't really an argument. There are a number of big whales on Steem 'earning a living' from it and many people around the world earning a living from 'blogging'. Even @taskmaster4450 mentioned in a recent post that curating could become a job!
I'm always interested in what peoples end-game is here? How long do they hodl? When exactly is the right time to actually use funds? Everyone's idea is different. I've been reading a lot of posts recently from people who are beating themselves up because they were greedy and didn't take profits last year. Is this a mistake that many of us could make again?
Anyway, we are looking at different cultures, level of wealth and starting perspectives. We are all of course mainly talking about African and Asian members of the community who have zero engagement and pull and sell everything so if perhaps we put ourselves in their position of mainly having very little, would our views be altered?
Common sense all round is needed but again, large stakeholders have influence and should use it as they think is necessary to benefit the wider community, so we all have choices to attempt to improve the token price.
I think a more relevant statistic to look at would be the number of tokens sold out daily compared to the number staked. I think this would help us get a better overall picture of how our token economy is coping.
It's a tough one as this data isn't all in SteemSQL and on the side-chain. I must admit that I have been selling as much as I've been staking following my original buy-ins at 10x ++ this price.
The token is print-rate is huge due to an early exploit 'patch' and with the number in circulation the price has looked hugely inflated for a while now. I read a while back that fair value could be somewhere in the region of .00002, but I think that was based against other tokens which have since fallen.