So, it discourages investing in STEEM? How does that help the price?
We already have delegation discouraging actual investing.
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So, it discourages investing in STEEM? How does that help the price?
We already have delegation discouraging actual investing.
Doesn't discourage investing. Since just by holding Steem you make more passive or by let's say delegation or sell votes. But yes it will make it so you can generate new value much faster for new people. Steem is needed for Bandwidth on the Blockchain so it will always have value. We have enough abundance to both get an insanely high Steem price and have other Tokens at the same time that can work more in a liquid way. So it satisfies long term holding and quick micro transactions at the same time.