RE: Value Is In The Community

avatar
(Edited)

You are viewing a single comment's thread:

I understand the logic to not support those kinds of users but I also don't mind to see people selling. I try to view my vote criteria based most on the content created since everyone is serving a role for the site. The ones that are selling are doing us who value our stake a couple of huge favors.

The first is obvious in that it makes it cheap for users who do want to gain stake to be able to move up the rich list with little investment. Each seller is actually helping those that want to become a whale a cheaper way into the system.

The second actually helps the entire community vs just the buyers. If people are selling and are able to push the price down to 0.000001 then that means just 1 Steem in ad revenue or other means will burn 100,000 tokens out of existence from their weaker hands. This means that those tokens are taken off the market permanently without affecting stake of other users. It actually helps those who are invested since those tokens don't go into someone else's account lowering your percentage of the community stake.



0
0
0.000
1 comments
avatar

Thanks Patrick as the burning side of things actually makes more sense and hadn't realised. I am much happier to see the price drop now as it has serious benefits to us all.

0
0
0.000