BitShares Forum

Main => General Discussion => Topic started by: liondani on April 21, 2016, 07:42:02 am

Title: STEEM price discussion
Post by: liondani on April 21, 2016, 07:42:02 am
Do you think STEEM stays for ever on a  300K marketcap?

(https://4.bp.blogspot.com/-1IcrPcZSwHI/VxiEKyMZKWI/AAAAAAAADlo/lIBpw4jwKaIm5WyXAKG15LD7luSGN_v7gCLcB/s1600/steem_history.png)
http://coinmarketcap.com/currencies/steem/#markets
Title: Re: STEEM price discussion
Post by: bytemaster on April 21, 2016, 07:45:26 am
I think they will be forced to change their accounting out of the sheer ridiculousness of their ranking of Steem vs the rest of the market.
Title: Re: STEEM price discussion
Post by: liondani on April 21, 2016, 07:48:42 am
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)

(https://4.bp.blogspot.com/-tOmfq1jrN50/VxiCQx7wlsI/AAAAAAAADlc/h75Hz7ejzMcRJf01q1Vo7ytnC0MAEpPvwCLcB/s1600/steem_dilution.png)
Title: Re: STEEM price discussion
Post by: liondani on April 21, 2016, 08:04:11 am
I think they will be forced to change their accounting out of the sheer ridiculousness of their ranking of Steem vs the rest of the market.

from the other side it will attract many new speculators due to the currently super "low valuation"  ...
Title: Re: STEEM price discussion
Post by: svk on April 21, 2016, 10:37:50 am
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)

(https://4.bp.blogspot.com/-tOmfq1jrN50/VxiCQx7wlsI/AAAAAAAADlc/h75Hz7ejzMcRJf01q1Vo7ytnC0MAEpPvwCLcB/s1600/steem_dilution.png)

The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.
Title: Re: STEEM price discussion
Post by: nomoreheroes7 on April 21, 2016, 10:38:40 am
I tried looking into STEEM but can't for the life of me figure out if it's more worth it to just hold STEEM or convert it to VESTS...if you convert it you just get shielded from dilution/get voting rights, but your money is basically locked up for 2 years, right?

And if $300k isn't indicative of its true market cap, can anyone come up with a closer real valuation?
Title: Re: STEEM price discussion
Post by: oldmine on April 21, 2016, 11:10:37 am
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(
Title: Re: STEEM price discussion
Post by: testz on April 21, 2016, 11:12:17 am
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

Unfortunately Bittrex open Steem trading first.  >:(
Title: Re: STEEM price discussion
Post by: liondani on April 21, 2016, 11:55:05 am
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

Unfortunately Bittrex open Steem trading first.  >:(

actually @ccedk should give the option to deposit/withdraw STEEMs ...
else why should they choose openledger over bittrex?
Title: Re: STEEM price discussion
Post by: tbone on April 21, 2016, 12:02:48 pm
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

What do you mean "they" just use Bittrex instead?  Do you understand that any exchange can list any token at any time, as long as the blockchain is launched?  All an exchange has to do is have a wallet, enable deposit and withdraw in their UI, and issue an IOU token on their platform.  There's nothing the devs of a token can do about it.  Having said that, it's hard to understand how OpenLedger was beaten to the punch by Bittrex.
Title: Re: STEEM price discussion
Post by: BunkerChainLabs-DataSecurityNode on April 21, 2016, 12:15:43 pm
I thought the point of Steem was to attract users to trade a hot new token on OpenLedger, and they just use Bittrex instead?  >:(

What do you mean "they" just use Bittrex instead?  Do you understand that any exchange can list any token at any time, as long as the blockchain is launched?  All an exchange has to do is have a wallet, enable deposit and withdraw in their UI, and issue an IOU token on their platform.  There's nothing the devs of a token can do about it.  Having said that, it's hard to understand how OpenLedger was beaten to the punch by Bittrex.


Data Security Node, [04.04.16 18:50]
Steem will soon be available on BitShares in this market.

https://bitshares.openledger.info/#/market/OPEN.BTC_OPEN.STEEM

This exchange pair is brought to you by Open Ledger  (aka. CCEDK). 

If you want to trade for FIAT you can also trade this pair:

https://bitshares.openledger.info/#/market/OPEN.USD_OPEN.STEEM

You can place bids in these markets while we wait for Open Ledger to enable STEEM deposits / withdraws.

Data Security Node, [04.04.16 19:07]
any takers? https://bitsharestalk.org/index.php/topic,22139.0.html

Data Security Node, [04.04.16 19:23]
@ronnyb can't you get your video guy on this?

Ronny Boesing, [04.04.16 19:24]
already posted this to him

Data Security Node, [04.04.16 19:24]
getting in on the ground floor of a new currency like this is HUGE

Ronny Boesing, [04.04.16 19:24]
and I may have one or two more videos in my pacj´kage deal, this one is definitely worth working on

Ronny Boesing, [04.04.16 19:25]
but could be nice to have someone put together the information needed in it

Ronny Boesing, [04.04.16 19:25]
it could help him get done sooner

Ronny Boesing, [04.04.16 19:26]
it seems april will be a big month

Data Security Node, [04.04.16 19:26]
if he needs help can you hire someone else to help him?

Ronny Boesing, [04.04.16 19:26]
STEEM, LISK, Synereo, DGD(Digix) as open assets

Ronny Boesing, [04.04.16 19:27]
nice

Ronny Boesing, [04.04.16 19:27]
I dont need to hire anyone else, he will fin out

Ronny Boesing, [04.04.16 19:27]
I am only saying if someone feels they have the golden thread of making sure all ins there

Data Security Node, [04.04.16 19:30]
sorry.. but when something is important to my business.. I hire and pay someone to get the job done.. all those other coins already has their ICOs.. all the volume passed.. this is volume IN FRONT OF US.. I am urging you to PLEASE treat this with some urgency and make sure this gets all the attention it deserves.. ultimately though it's your business

Ronny Boesing, [04.04.16 19:31]
why U think I dont want this

Ronny Boesing, [04.04.16 19:32]
I have already been asked for creasting media attention for this, and why should I hire someone if I have a contract for similar already

Data Security Node, [04.04.16 19:32]
because you are in here pandering for free help instead of putting hard resources behind it

Ronny Boesing, [04.04.16 19:32]
u think I am asking for free help, so far I have not received anything for free in here

Ronny Boesing, [04.04.16 19:33]
except stupid comments

Ronny Boesing, [04.04.16 19:33]
anything lese is paid for whenever a job is done

Ronny Boesing, [04.04.16 19:33]
I even paid 100k bts in order foryou to go online in daily decryupt

Ronny Boesing, [04.04.16 19:33]
how much did you pay

Ronny Boesing, [04.04.16 19:34]
what i am saying is, I ask but that is not the same like I ont pay

Data Security Node, [04.04.16 19:36]
Like I said.. its your business.. there is no room for delays on this... its your call

Ronny Boesing, [04.04.16 19:37]
everything has its prize, some o it for free, some dont even o it for money, some do it simply to support an idea, and those people needs rewarded, because thjose people are eventyually what makes this kind of project worthwhile. So I pay for whatever I have had done, and I am paying for this one also. I didnt really need you to tell me, but I guess you felt it was soemthing I did not know about, Well i did

Ronny Boesing, [04.04.16 19:37]
no delays indeed, its not the same as most important in this world

J St, [04.04.16 19:37]
Ronny try not to be defensive this could increase openledger buyback by 10x in one month

J St, [04.04.16 19:37]
I mean in the first month

Ronny Boesing, [04.04.16 19:38]
yes, and I will do all I can, as I have already posted, but sorry, the guy is sleeping

J St, [04.04.16 19:38]
STEEM with the right captain may be as big as bitshares

Ronny Boesing, [04.04.16 19:38]
I am going to deal with it, its just that its strange that anyone here thinks I will not act on it

J St, [04.04.16 19:39]
Poloniex became the biggest exchange because of ethereum, if this guy lists points of what he is going to do this could be huge

J St, [04.04.16 19:39]
I understand your position but Data Security Node is just trying to help

Ronny Boesing, [04.04.16 19:39]
why should I not, the guy is adding Steem to Open assest

Ronny Boesing, [04.04.16 19:39]
assets

Ronny Boesing, [04.04.16 19:39]
so ofcourse it has top piority

J St, [04.04.16 19:40]
Ok perfect

Ronny Boesing, [04.04.16 19:40]
it is one of those things that I am constantly working for

J St, [04.04.16 19:40]
In this scenario time is of the essence

J St, [04.04.16 19:40]
Sorry to reiterate

Ronny Boesing, [04.04.16 19:40]
in any scernario

Ronny Boesing, [04.04.16 19:41]
np, I may have come out to hard o you data

Ronny Boesing, [04.04.16 19:41]
but its just becasue I care for all i do

J St, [04.04.16 19:42]
It takes a great man to admit when he is wrong

Ronny Boesing, [04.04.16 19:42]
and sometimes I feel nobody udnerstands how much

Ronny Boesing, [04.04.16 19:42]
gnite
Title: Re: STEEM price discussion
Post by: mint chocolate chip on April 21, 2016, 01:43:36 pm
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)

(https://4.bp.blogspot.com/-tOmfq1jrN50/VxiCQx7wlsI/AAAAAAAADlc/h75Hz7ejzMcRJf01q1Vo7ytnC0MAEpPvwCLcB/s1600/steem_dilution.png)

The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.

So vesting is not a 2 year lock? Penalty for early withdrawal?
Title: Re: STEEM price discussion
Post by: svk on April 21, 2016, 02:41:21 pm
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)

(https://4.bp.blogspot.com/-tOmfq1jrN50/VxiCQx7wlsI/AAAAAAAADlc/h75Hz7ejzMcRJf01q1Vo7ytnC0MAEpPvwCLcB/s1600/steem_dilution.png)

The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.

So vesting is not a 2 year lock? Penalty for early withdrawal?
VESTS can be converted to STEEM in 104 equal weekly payments, so spread out over two years.

Say you withdraw 104 VESTS, once per week you will receive 1 * STEEM/VESTS ratio STEEM. Right now that ratio is around 55 I think, so you'd get 55 STEEM.

Sent fra min MotoG3 via Tapatalk

Title: Re: STEEM price discussion
Post by: bytemaster on April 21, 2016, 06:47:24 pm
Can somebody explain me how the supply changed in one day from 334000 STEEMs to 402000 STEEMs?
It is 25% in on day! I thought the dilution per day is about 0.3% (113% per year)...I am sure I am missing something  :)

(https://4.bp.blogspot.com/-tOmfq1jrN50/VxiCQx7wlsI/AAAAAAAADlc/h75Hz7ejzMcRJf01q1Vo7ytnC0MAEpPvwCLcB/s1600/steem_dilution.png)

The quantity of available/liquid STEEM also depends on the number of VESTS being withdrawn to STEEM.

So vesting is not a 2 year lock? Penalty for early withdrawal?
VESTS can be converted to STEEM in 104 equal weekly payments, so spread out over two years.

Say you withdraw 104 VESTS, once per week you will receive 1 * STEEM/VESTS ratio STEEM. Right now that ratio is around 55 I think, so you'd get 55 STEEM.

Sent fra min MotoG3 via Tapatalk

Think of VESTS like a perfectly laddered CD. 
1% mature in 1 week
1% in 2 weeks
1% in 3 weeks...

The average maturity is 1 year.

They automatically "roll over" if you are not withdrawing your VESTS.
Title: Re: STEEM price discussion
Post by: Akado on April 21, 2016, 07:16:26 pm
I haven't read much about steem and haven't fully grasped the concept it seems. If it is a social network how can it be the 3.0 / superior model? Isn't BitShares an exchange/bank, etc? It seems it has much more potential in terms of the market it is. Can both even be compared? Isn't it like comparing apples to oranges?

Title: Re: STEEM price discussion
Post by: xeroc on April 21, 2016, 07:36:17 pm
I haven't read much about steem and haven't fully grasped the concept it seems. If it is a social network how can it be the 3.0 / superior model? Isn't BitShares an exchange/bank, etc? It seems it has much more potential in terms of the market it is. Can both even be compared? Isn't it like comparing apples to oranges?
Apples and oranges!

Both serve different needs and only have little in common
Title: Re: STEEM price discussion
Post by: -banano- on April 22, 2016, 03:41:25 am
Why STEEM inflation so high?

you can see graphs diverge.

that is inflation so high

http://coinmarketcap.com/currencies/steem/
Title: Re: STEEM price discussion
Post by: openledger on April 22, 2016, 08:23:59 am
Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.
Title: Re: STEEM price discussion
Post by: liondani on April 22, 2016, 10:42:52 am
Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.

@ccedk
Just tell us when deposits and withdrawal's are allowed on OL and we will take of OPEN.STEEM after that... don't worry!
Title: Re: STEEM price discussion
Post by: hcf27 on April 22, 2016, 12:44:26 pm
I have some open.steem, is it safe to leave it on the OL wallet?, I dont have a cli_wallet yet, was planning to take them out once the web wallet comes out. What do you guys think?
Title: Re: STEEM price discussion
Post by: Erlich Bachman on April 22, 2016, 01:24:00 pm
Hey Ronnie,

It's not your fault that Bittrex traded STEEM first.  There was nothing you could do becasue STEEM was a POW launch, not an ICO (which would have allowed you to get access to exclusive STEEM to be able to become the first to trade it).  Becasue it was a mining launch, there could be no stopping them from acquiring STEEM early on.

Your hard work is not unappreciated!
Title: Re: STEEM price discussion
Post by: openledger on April 22, 2016, 03:38:11 pm
Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.

@ccedk
Just tell us when deposits and withdrawal's are allowed on OL and we will take of OPEN.STEEM after that... don't worry!

Is it not already? I thought actually it was made possible a few days ago. Pls test it. Its hard for me to do much on this, as I have received very limited information all in all.
Title: Re: STEEM price discussion
Post by: abit on April 22, 2016, 04:04:06 pm
Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.

@ccedk
Just tell us when deposits and withdrawal's are allowed on OL and we will take of OPEN.STEEM after that... don't worry!

It should be working.. at least for some people
Quote
10 hours ago receive 100.000 STEEM from dele-puppy open.steem:dele-puppy
11 hours ago receive 1485.000 STEEM from remembering open.steem:americansilver
11 hours ago receive 15.000 STEEM from remembering open.steem:americansilver
13 hours ago transfer 249.500 STEEM to riverhead
19 hours ago transfer 499.000 STEEM to riverhead
21 hours ago transfer 806.174 STEEM to riverhead
1 day ago transfer 932.182 STEEM to riverhead
1 day ago receive 41.000 STEEM from bunch-of-steem open.steem:lafona
1 day ago transfer 393.995 STEEM to blocktrades
1 day ago transfer 1050.535 STEEM to xeroc
Title: Re: STEEM price discussion
Post by: liondani on April 22, 2016, 04:13:47 pm
Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.

@ccedk
Just tell us when deposits and withdrawal's are allowed on OL and we will take of OPEN.STEEM after that... don't worry!

Is it not already? I thought actually it was made possible a few days ago. Pls test it. Its hard for me to do much on this, as I have received very limited information all in all.

@bytemaster
@Bytemаsteг

Can you take care of this?  (or somebody they listen to you)
I don't see any option to deposit or withdraw. Even if there is a way it is not easy to find.Please give the option on top of the page of each pair...
Title: Re: STEEM price discussion
Post by: tbone on April 22, 2016, 06:24:10 pm
Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.

@ccedk
Just tell us when deposits and withdrawal's are allowed on OL and we will take of OPEN.STEEM after that... don't worry!

Is it not already? I thought actually it was made possible a few days ago. Pls test it. Its hard for me to do much on this, as I have received very limited information all in all.

@bytemaster
@Bytemаsteг

Can you take care of this?  (or somebody they listen to you)
I don't see any option to deposit or withdraw. Even if there is a way it is not easy to find.Please give the option on top of the page of each pair...

If you go into Deposit/Withdraw, don't you see STEEM listed under gateway?  I do.
Title: Re: STEEM price discussion
Post by: Pheonike on April 22, 2016, 06:31:30 pm

You may have to refresh the wallet in the browser, i did not see it until today after I refreshed.
Title: Re: STEEM price discussion
Post by: lafona on April 22, 2016, 06:40:03 pm
Also if you use the lite wallet, make sure you have the latest one i think it ends in 420 instead of 406. If you still cant find it you can use the memo field and follow the directions xeldal posted here:
Xeldal[/member]/how-to-transfer-steem-between-the-bitshares-and-steem-networks]https://steemit.com/steem/@Xeldal/how-to-transfer-steem-between-the-bitshares-and-steem-networks (https://steemit.com/steem/[member=448)
Title: Re: STEEM price discussion
Post by: clayop on April 22, 2016, 07:00:01 pm
Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.

@ccedk
Just tell us when deposits and withdrawal's are allowed on OL and we will take of OPEN.STEEM after that... don't worry!

Is it not already? I thought actually it was made possible a few days ago. Pls test it. Its hard for me to do much on this, as I have received very limited information all in all.

@bytemaster
@Bytemаsteг

Can you take care of this?  (or somebody they listen to you)
I don't see any option to deposit or withdraw. Even if there is a way it is not easy to find.Please give the option on top of the page of each pair...
Update your GUI to the latest version
Title: Re: STEEM price discussion
Post by: abit on April 24, 2016, 10:35:58 am
Why STEEM inflation so high?

you can see graphs diverge.

that is inflation so high

http://coinmarketcap.com/currencies/steem/
There will be ~500M STEEM at the end of the first year.
Then ~100% inflation every year.
Title: Re: STEEM price discussion
Post by: liondani on April 24, 2016, 11:30:11 am

You may have to refresh the wallet in the browser, i did not see it until today after I refreshed.

I have but no results for firefox (ctrl + F5) ... any other suggestion except clearing cache and import wallet backup again?
with chrome it worked...
Title: Re: STEEM price discussion
Post by: liondani on April 24, 2016, 11:54:34 am
Why STEEM inflation so high?

you can see graphs diverge.

that is inflation so high

http://coinmarketcap.com/currencies/steem/
There will be ~500M STEEM at the end of the first year.
Then ~100% inflation every year.


(https://sp.yimg.com/xj/th?id=OIP.M1322de402c9c985ba309a41ec134d398o1&pid=15.1&P=0&w=300&h=300)
Title: Re: STEEM price discussion
Post by: Ander on April 25, 2016, 05:59:39 pm
Why STEEM inflation so high?

you can see graphs diverge.

that is inflation so high

http://coinmarketcap.com/currencies/steem/
There will be ~500M STEEM at the end of the first year.
Then ~100% inflation every year.


(https://sp.yimg.com/xj/th?id=OIP.M1322de402c9c985ba309a41ec134d398o1&pid=15.1&P=0&w=300&h=300)

STEEM is going to fall to .3 cents like BTS.  Don't buy it until then. 

Dat inflation.
Title: Re: STEEM price discussion
Post by: ag on April 25, 2016, 06:03:42 pm
If the steem isn't being mined any more, and block-rewards are being paid in vests, and posting rewards aren't being paid out until july or june, how is it inflating? Is is from people withdrawing VESTS? And can some one explain by the withdraw ratio is still increasing, is there some pool of steem that is growing?
Title: Re: STEEM price discussion
Post by: ag on April 25, 2016, 06:05:28 pm
Why STEEM inflation so high?

you can see graphs diverge.

that is inflation so high

http://coinmarketcap.com/currencies/steem/
There will be ~500M STEEM at the end of the first year.
Then ~100% inflation every year.


(https://sp.yimg.com/xj/th?id=OIP.M1322de402c9c985ba309a41ec134d398o1&pid=15.1&P=0&w=300&h=300)

STEEM is going to fall to .3 cents like BTS.  Don't buy it until then. 

Dat inflation.

by the time that happen's it may be 600 steem per vest? So it would be like buying at 0.3 now...
Title: Re: STEEM price discussion
Post by: tonyk on April 25, 2016, 09:25:40 pm
Why STEEM inflation so high?

you can see graphs diverge.

that is inflation so high

http://coinmarketcap.com/currencies/steem/
There will be ~500M STEEM at the end of the first year.
Then ~100% inflation every year.


(https://sp.yimg.com/xj/th?id=OIP.M1322de402c9c985ba309a41ec134d398o1&pid=15.1&P=0&w=300&h=300)

STEEM is going to fall to .3 cents like BTS.  Don't buy it until then. 

Dat inflation.

You are wrong my friend...you should read more about the "Indestructibility of Steem's 'market cap'*"
Below are the (increasingly incorrectly called) 3 rules ....  "3 rules of steem market cap":

1. Even if the price of steems falls 10 times,  steem's market cap stays the same (or grows!!!!)
2. In year #1 even if the price of steem falls 50-70x, steem's market cap stays the same or grows.
3. Steem price just cannot fall fast enough to offset the new steems, at 9x new steem for every new steem -  steem's market cap stays the same or grows!
4. Even if the only buyer of steem is at 1sat... simply there aren't any sellers...so "steem's market cap stays the same or grows"


PS
'market cap'* here is defined as follows - whatever BM fined as 'fair definition of market cap".... no need for the shares/coins to be available in the next 365 years to sell to the market... as long as BM deems them "part of the MC" those shares are in.... currently at 11 Mil USD MC and growing.... Can you dare outpace us? BM grows the steem market cap at 9X for anyone who "even thinks at selling at todays price ...or 90% lower for that matter."


"Cause you simply cannot sell fast enough...we just print them faster!"


 
Title: Re: STEEM price discussion
Post by: rajarush on April 26, 2016, 04:10:25 am

Just to set things straight here. I was asked weeks ago if I would be ready to have an article put through on STEEM via Forbes. I was also told that OpenLedger was meant to be first platform to trade STEEM.

None of this has happened, and whatever is the reason for BiTTREX to be the first, you all need to take up with the people orchestrating this, meaning @dannotestein @bytemaster @nedscott

I am enjoying to help promote BitShares and OL on top, but as I have mentioned in previous threads whenever there is a hidden agenda and i feel someone here have been playing on many horses and really made a bad impression on it all.

I hope it will improve soon in terms of how communication has been presented, and I hate to waste my own time and anyone else's for that matter thinking we are on the same page, when in fact someone has already witten the end of the story on his own.

This is definitely not the first nor second time they stub from back. Get use to it with this group of people. And... Nothing will improve in future. They say: enjoy or leave. Need evidence?


Sent from my iPad using Tapatalk
Title: Re: STEEM price discussion
Post by: abit on April 29, 2016, 11:49:08 am
Why STEEM inflation so high?

you can see graphs diverge.

that is inflation so high

http://coinmarketcap.com/currencies/steem/
There will be ~500M STEEM at the end of the first year.
Then ~100% inflation every year.


(https://sp.yimg.com/xj/th?id=OIP.M1322de402c9c985ba309a41ec134d398o1&pid=15.1&P=0&w=300&h=300)

STEEM is going to fall to .3 cents like BTS.  Don't buy it until then. 

Dat inflation.

You are wrong my friend...you should read more about the "Indestructibility of Steem's 'market cap'*"
Below are the (increasingly incorrectly called) 3 rules ....  "3 rules of steem market cap":

1. Even if the price of steems falls 10 times,  steem's market cap stays the same (or grows!!!!)
2. In year #1 even if the price of steem falls 50-70x, steem's market cap stays the same or grows.
3. Steem price just cannot fall fast enough to offset the new steems, at 9x new steem for every new steem -  steem's market cap stays the same or grows!
4. Even if the only buyer of steem is at 1sat... simply there aren't any sellers...so "steem's market cap stays the same or grows"


PS
'market cap'* here is defined as follows - whatever BM fined as 'fair definition of market cap".... no need for the shares/coins to be available in the next 365 years to sell to the market... as long as BM deems them "part of the MC" those shares are in.... currently at 11 Mil USD MC and growing.... Can you dare outpace us? BM grows the steem market cap at 9X for anyone who "even thinks at selling at todays price ...or 90% lower for that matter."


"Cause you simply cannot sell fast enough...we just print them faster!"
LOL. Very interesting indeed.