MAP Rewarder Free SBI Share & Quote of the Day - 9 Feb 2019
As announced in our post MAP Rewarder Reaches First Anniversary!, we are giving away either a Free Upvote or a Free SBI Share every day.
Today is a Free SBI Share from @steembasicincome.
To qualify, you must be a delegator to MAP Rewarder; more details at Delegating to MAP Rewarder: Benefits for Small SP Accounts.
There you can read about the whole philosophy behind the bonuses offered to delegators; larger delegators obviously receive higher weekly payouts in STEEM terms, but smaller delegators can receive far more in percentage terms.
Quote of the Day
To widen potential readership for these posts - rather than just being announcements of winners - I shall be posting some interesting quotes related to blockchains, their history, philosophy and economics plus possibly some images. Enjoy!
Today is a quote from Satoshi Nakamoto.
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
satoshi Re: Dying bitcoins
Do you agree? And is it a valid argument for burning SBD or STEEM?
Today's Winner
Today's winner is: @leaky20
Congratulations!
You may delegate to MAP Rewarder using these links:
[10 SP], 20 SP, 30 SP, 40 SP, 50 SP, 60 SP, 70 SP, 80 SP, 90 SP, 100 SP, 500 SP, 1000 SP, Other.
Please note that the minimum delegation is now 20 SP. Any delegations below 20 SP will not be accepted.
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- -Please Comment, Resteem and Upvote. Thanks!
@rycharde manages the AAKOM project and the MAP Rewarder & Curators Trail.
Thanks for the support. I'm glad to be a part of the @accelerator community. That is a good quote. I think it makes sense in that when coins are lost the entire supply becomes more scarce and in theory more valueable. However, you wouldn't want too many coins to be lost if it effects distribution of them to the wider public. In the case of a non-tangible asset, many people need to be involved and see value in it. You want buyers to exist when you're ready to sell.
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Thanks for your support too!
Do you not think that we have been duped into thinking that way by centuries of "scarcity economics" and supply-side manipulations? I mean, who cares if coins are lost when there is a known supply of them coming through in the future?
I remain unconvinced that a decreasing supply automatically leads to a price increase - the history of SBD tells a different story.
I'm not an expert on economics by any means. The scarcity of supply creating value may be "programmed" thinking, but I do think that there is some truth to it. Assets can become diluted. Look at crypto as an asset class in general. A few years ago if a person wanted to get into crypto they would buy Bitcoin, ethereum, xrp, and maybe 1 or 2 other coins. All of the money entering the market was into only a few coins and the prices of all of them soared quickly. Nowadays people getting into crypto can buy into 1000 different projects. With the market being saturated as it is, money (and price increases) get spread across the board so that gains are much more modest. Again, I'm not an expert though so I'm sure there are many factors at play here. Percieved value by the public is subjective in itself and at times very fickle. So many things are at play
Posted using Partiko Android
thanks!
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STOPTo support your work, I also upvoted your post!