You are viewing a single comment's thread from:
RE: (5 SBD giveaway) Question : how would you kill STEEM ?
Why would he waste his money buying steem to dump it and lose money, when he could just tokenise FB?
Plus FB and steemit are not the same thing anyway.
A better question would have been -
how easy/likely is it for any given corporate to kill crypto based competitors... by price dumping and other means.
The market is not that deep. It would take them a while to build up a substantial position and then to dump it in one go, there would need to be a hell of a lot of buyers, which there isn't. This is not S&P500 futures or forex markets. The liquidity is not there.
The market being not deep would make it easier to tank the price , no?
one can use less capital to force the dump.
You still need buyers. If there aren't any you can't sell.
in the same vein , crypto market caps are also bogus
https://crypto.bi/tape/blog/market-caps/
Re-read your response...makes sense in today's context.
Agreed. Steemit and FB are NOT the same thing. When I first started I totally thought it was... or could be... But it can't be. It's a blogging website for creators. Eventually, all the folks who are more FB in their sharing will leave, methinks. And that's okay. 😍