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RE: An Open Letter To @elipowell

in #busy6 years ago

I'm going to play devil's advocate here for a moment.

How does delegating more SP to minnows help the price of STEEM? Chances are they are going to cash out their rewards the same as stinc would be doing.

Yes, it might increase participation, but only in order to increase their rewards.

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Why does everyone say this? It's not the minnows who are selling it is the whales and Inc.

well it is clear that that 1 steem per post is creating all this price pressure :D the most damaging are those red fish that hardly get over the dust vote with their post, they can't wait for 7 days to pass just to click that transfer button.

It's everyone.

Not in terms of volume.