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RE: Imagine A Future Where...

in #business6 years ago

Selling per se is not a problem. The key is to have an equilibrium between the quantity of steem being sold and that being bought. Think of a bank: if everybody comes to ask for their money at the same time, the bank goes bankrupt. Steem is the same: if we all sell at the same time, the price plummets and confidence with it and selling begets selling and the whole "value convention" collapses.

So in a sense the key is "timing" - decreasing the "velocity" of STEEM (a term from monetary theory)