... of course 1 Steem stays 1 Steem, but it gets devalued against any stable currency. That's what I meant in my original comment.
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... of course 1 Steem stays 1 Steem, but it gets devalued against any stable currency. That's what I meant in my original comment.
Ahaa,mhm,aha :)
We can say 1STEEM wil get 50% devalued from 1STEEM - from being 100mil STEEMs to 200mil STEEMs.
But it doesnt necessarily mean this devalued 0.5 STEEM will get devalued in worth/value term against "stable" currencies...
Thank you
You are half right I guess.
Cant say it will get devalued for sure.. In year from now there might be 220.000.000 steems each steem worth 7.04$. 1B+ market cap and it would still not devalue against "stable" currencies.
Because if you hold 1 steem it is always 1 steem.
And because of inflation there would be more steems and you predict that the price of 1 steem will fall/get devalued againt "stable" currencies because there will be more Steems created...
But must consider factor of steem going viral and 1.000.000 people register. that costs man. costs much :)
And which of your choice stable curency would that be, that Steem is going to get devalued against.
Til now it gained value against "stable" currencies..
1 Steem=£ 2.68
And looks like it will gain some more :) 1STEEM=3.52$ looks like 1 $ got a bit devalued against 1 STEEM and gets more devalued by minutes being converted to Steem power or SBD ;) dont forget about steem based dollars...
there is 90+ % in steem power so that STEEM doesnt volatile much... Whale might ocasionaly dive a bit :)
"Stable" currency can get also unstable against steem: natural disaster, domino efekt, Brexit... and other unpredictable & predictable economic complications :)
http://www.investopedia.com/articles/investing/090215/3-reasons-why-countries-devalue-their-currency.asp
https://en.wikipedia.org/wiki/Devaluation
https://en.wikipedia.org/wiki/Currency_appreciation_and_depreciation
https://en.wikipedia.org/wiki/Currency_appreciation_and_depreciation
https://en.wikipedia.org/wiki/Currency_appreciation_and_depreciation