I am really looking forward to the reverse split to see how many investors actually read the whitepaper. I almost expect huge FUD and price collapses when every 10 Steem become 1 Steem from one minute to the next, at least after the first two or three 3.5 year cycle.
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Talk about a negative-feedback-loop. It may be more like a negative-feedback-crash. The financial engineering in steem is definitely highly experimental. I'm still not sure if you can design a system that manipulates human behavior in a positive way, especially over the long term.