Currency faces downward price pressure if holders of liquid STEEM sell for fiat rather than power up. That's not a flaw in the system, it's a feature.
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Currency faces downward price pressure if holders of liquid STEEM sell for fiat rather than power up. That's not a flaw in the system, it's a feature.
Yes, and without incentive to hold said STEEM they will keep selling it for a profit. That's why the creation rate needs to be slowed or controlled. STEEM needs to be kept within its economy.