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RE: Vlog 215: Sticking to my investment plan + Could vote bots explain a high SBD price?
Never hurts to speculate and sometimes your initial ideas lead you down roads you wouldn't have normally explored. I believe the initial pump came from South Korea a couple months ago, but price has found a much higher floor than previously. It's a bit surprising considering the increased SBD production (I believe), which should serve to lower the value of SBDs.
Perhaps SBDs are becoming somewhat similar in crypto to the Yen in fiat (i.e safe haven). More speculation :)
It's a very interesting thing when you unleash a service like Steemit into the wild on the Internet. Now it's in the hands of various people that can create bots and other non regulated software. The banks would panic if they saw what we are doing over here. Over there with their outdated systems everything is overseen with super care. Here we are building something new. What is it? And how will they stop this? Will at least take a few years before they even start to take notice.
And this is just first generation of this kind of software! I was very amazed when I saw that you could actually generate value out of nothing. It was just a question when it would happen after we made money digital and not backed by gold anymore. The laziness from the banks of just printing new money finally caught up to them.