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RE: Fixing a Problem in the Economics of Steemit

in #steemit8 years ago

The utility of Steem Power will remain. There will be more demand because there will be less friction. Especially in the maddeningly volatile crypto markets, 3 months is a deal breaker. There have been a lot of Steem buys on the exchanges in the last month and a half, yet precious little of that has been powered up. Net transfers to exchanges remain largely negative. A majority of the demand has thus come from market speculation rather than buying influence on the platform. Just to clarify again, that utility will remain, just in a different form.

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There is no reason to power up. I'm not even doing it anymore.