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RE: STEEM/STEEMIT: ....”where does the money come from?”

in #steemit8 years ago

And if the beautiful rewards we have at the trending page right now will continue and no investors buy steem, its price will go down again.

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The reason for such a high spike in rewards is that they are accomodating the sudden spike in the price of STEEM. Don't forget STEEM was only $0.10 not that long ago. Stephen

And also due to the new reward system?

Exactly. The 7 day rewards is to accomodate scalability. I wouldn't be surprised in the coming years when we are in the 100's of millions that this will be 90 days if not 120 days reward. I for one would be very happy with 120 days when it has 500m users and a Market Cap of $500b..!! Stephen