Words
95
Reading
1 min
Listen
Play
7y
Perhaps.
I probably could have gone into more detail regarding the virtuous circle... the idea is that by burning steem and allowing the price of steem to rise Steemit inc would require less programmatic selling to achieve their same expense objectives and alleviate downward pressure.
A higher steem price would benefit nearly everyone on this platform no?
While im at it, lets get rid of the 3 month power down period. This is going to drive most serious investors away and we are far beyond the days and reasons stated in the whitepaper for this
RE: Steemit, Inc. Financial Update