New Record (low)

If you mean 0.023 dollar (and not cents) the platform would be dead. There is a threshold where matured crypto platforms reach a game theoretic-death.

A Market cap of 7 Million dollars = practically zero, the platform would be delisted from any big exchange. 7 Million means that one person could attack the whole system just for fun. I wonder where the delisting and attacking spiral begins. :S

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1 vote

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alexs1320 (71) 5 years ago

70 M$ is... very, very low. The whole month TMC is <100 M$

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2 votes

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nokodemion (59) 5 years ago

You have seen nothing yet... All time low was $0.069192 USD 0n 10 march 2017.

With a Market Cap of 17,497,082 ... and 252,877,240 STEEM supply.

We are now 100 million more STEEM supply.

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1 vote

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alexs1320 (71) 5 years ago

Back in tose days... It was different. It's just like having a plan to build an inronsmith workshop for repairing horse shoes.

It would be a great business in 1720, but not so in 2020

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3 votes

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lauch3d (62) 5 years ago (edited)

unfortunately yes. I listened to the interview with andrachy our "head of communication". WTF : O who put those people in these positions?

"On-boarding only with user-to-user invitation" and "decentralisation is utopic" ...
this sounds to me like "we cant do it"

SMTs are great Idea but the Steem base layer is king and needs to be developed first. I dont think that Nike or Burgerking or Pewdiepie will make their own token based on a non-trusted but small set of unknown amateurish block-producers which mainly sit in the US without complying to SEC regulations. Libras 100 BPs are Visa, Mastercard, Paypal, Ebay, Vodaphone...

Will Steem be a highly distributed, anarchistic dark-web like bitcoin or is it a consortium chain like libra...it should better decide first. They talk about mass-adoption while they lose users...w t f

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lucylin (67) 5 years ago

I've talked to lumps of basalt with more self awareness than steeminc...

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3 votes

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nokodemion (59) 5 years ago

Binance first...

Is everybody in, let the party begin. :)

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1 vote

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alexs1320 (71) 5 years ago

At that point we can be whales for 100$

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2 votes

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nokodemion (59) 5 years ago

Could be whales... could be...

With 30 million steem printed a year, wanna be a whale is only for neurotic idiots.

Most of our users wanna be whale, what does that tell you?

This inflation/dilution game is a no-brainer for most users. It is designed in a way, that the overestimation of the users to make up for inflation will leave around 50% on the table, to be collected by the few in the know.

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2 votes

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