It makes a lot of sense. Very bright future.
STEEM no, but Steemit being the platform of choice for content creators I'm not sure. Maybe I am not well-read enough to comment, what happens if certain characters, with a very large amount of fiat, migrate to the platform and buy out an awful lot of SP and have an immediate impact in a negative way. For example, pay voting bots and neglecting good content, delegating SP and getting paid etc.
Surely that can't be good for Steemit. Granted, there will be other platforms on STEEM. I'm just bringing up the topic about Steemit.
Sure there could be some big money players come in and do what you say. However, the price of STEEM is 4 times what it was from the low I bought it at. Hence, it will take 4 times the money.
Also, at present, over 60% of STEEM is in SP...that means there is less than 40% of the total on the open market. I imagine if big buyers came in, they would suddenly start moving the price higher, making is harder for them to power up.
We also have the numbers spreading out. 60K daily active users are growing their accounts each day. In another month, the sign up process should be improved meaning that number could jump rather quickly. I think we are starting to see the point reached where the few controlling accounts are starting to be overpowered by the sheer numbers.
Each time you power up, now matter what the amount, that strengthens your account. If that is multiplied across 100K accounts each day, that is a number too big to offset.
Just my 1.45 cents.
Nice.
That's a great insight into the situation. There is a reason I stop by.
Thanks.