replying here due to nesting:
Well, you get that the price can only drop so far before the system becomes unworkable, right?
I mean youre talking about double digit percentage drops almost every single week. ANd these are only going to get larger.
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i get what your saying, it could go like way low. But i think it will take care of itself. I think they did a great job designing the platform. Iv good faith but I'm not betting the farm. Infact I'm not betting anything I'm just buying what i can from trading. All my profits will be dumped into steeem power. The dream of finding an income so i can travel might then come true. :) If not no real loss.
@blakemiles84
which way do you want me to play out. The way where miners and witnesses have to operate nodes at a financial loss (which they won't do at least not forever), or the part where the decrease in value (and the subsequent increase in the steem value of SBD) kicks off super hyper mega inflation, or the part where the value is never going to be .001, because liquidity concerns (and the two points above) make it far more likely for it just to skip to zero.
I disagree with this ... play out how it would become 'unworkable' ?
People may leave, but there are still rewards. Even if Steem went to 0.001 cent per, there would still be rewards.