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RE: My journey from Bitcoin to Ethereum to Steem and why I believe I ended up on the best one
It's to me that there are still tons of confusion regarding the value of Steem and everyone is posting and curating like crazy simply to maximize payout. If an upvote = to "money" then there will be a vote inflation.
Can somebody enlighten in this area? Is there something I'm not getting?
The three STEEMIT assets are STEEM, SP, and SPD. Having individual coins/voting power/dollars creates a determined market value against the other. STEEM and SP back/fund the community by speculation in the crypto market. SPD is the debt derivative that grows out of STEEM and SP being a increasingly trusted value of storage/promising tech in that market. SPD is what's spent and cashed out before SP so the middle man of STEEM coin will always keep the other two from inflating or deflating too quickly. If all of the STEEM was sold through the floor, SP and SPD would go down with it, but there is a reason we're all here ;) @dali.soh @inventor16 @acidyo hope this is accurate enough and helps enlighten!