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RE: Why do we need STEEM POWER?
If there is demand a reduced supply, the price should go up, like any collectible.
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If there is demand a reduced supply, the price should go up, like any collectible.
Posted using Partiko iOS
@shainemata , that is exactly my question that once the steem tokens being generated have slowed down considerably, then new users will not be attracted to upvote or post content (in short won't be attracted to steemit as it won't be worth the effort and time). So obviously there will be no/less demand for steem tokens and I am wondering why the steem tokens at that time will hold any value when the main steem engine (on which the whole game of rewards is based upon) will have slowed down considerably. I personally think at that time the steem tokens will be worthless.
I think that if the newly created STEEM pool decreases, the value would increase for each one. So, technically, you would get less rewards, but that would be offset by the higher value.
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