This is a large part of it. Steem was quite stable at 40 USD cents for a while even though the BTC-denominated price was dropping rapidly (BTC was rising). The other part is that liquid Steem is designed to have a weak price since it is has no anti-dilution. Dividend-adjusted price charts on Steem Power would be useful.
This is a large part of it. Steem was quite stable at 40 USD cents for a while even though the BTC-denominated price was dropping rapidly (BTC was rising). The other part is that liquid Steem is designed to have a weak price since it is has no anti-dilution. Dividend-adjusted price charts on Steem Power would be useful.