So, criminals that stole their customers money are going to no longer provide services to the Steem community if we 'continue to run wild'?
Not like Steem can fall to much further if it does get delisted from the 3 exchanges that used others money as if it were their own. I remember buying in when it was above 2.00 each, lol. Binance also seems to feel they are able to keep coins that belong to US based customers who were dumb enough to leave them there due ot the assurance they would be able to be withdrawn at any time, just not traded there.
I hate banks. I am glad my hatred of banks has kept me from using them at all for a decade, and that has kept me from using exchanges, which I'm sure would now be resulting in a hatred of exchanges. I hate hating.
It can go a lot lower. Sub penny is in our future if we lose support of major exchanges.
When I say it can't go much lower, I say that in the context that it is already so low it isn't worth selling already.
While I don't agree with freezing Justin Suns stake, I can't pretend that I was in agreement with his plans to destroy the steem token (which also makes it worthless) and replacing it with a token on his chain, which will make it an untradeable coin for most of us in the US who aren't trying to hide shit from the government. He can say it will be listed on his exchange (poloniex), yet last I checked those of us in the US aren't welcome there (nor at Binance).
As for exchanges, I came into crypto distrusting them and have seen nothing since to make me trust them now. They are thieves who use KYC laws and lack of regulations to do whatever they want, and until such a time as one steps forward who feels honor is something that belongs in the cryptosphere I don't see much in the way of mass adoption as many of us don't like rich assholes deciding they can keep our shit. Screw the exchanges, they have done nothing but prove my distrust is justified.
Even if that was the plan, it hasn't appeared to be the plan for a long time now. It's also entirely possible (likely?) that the new coin had more value than the previous coin, if nothing else it should be a non-event, value wise.