Steemit users still growing despite price stagnation. Also pretty interesting, the Steem price is holding strong despite the massive crash in other altcoins.
Looks like this Steem Power lockdown feature is very handy in a time of crisis to remove volatility from the price. I must say the Steem founders are geniuses, they know how monetary policy works optimally.
Steem had the first dev team that was adept not just in developing a wonderful social media platform, but they also had deep knowledge in optimal monetary policy.
well steemit is growing with 5000 users per day as I heard from a dev. so they might be up to something. and sometimes project needs some time until people trust it. it's there for a year that means it's not going anywhere
I was talkin abot how nicely the Steem monetary policy is designed, it's a stable coin and even if it crashes, it does so very slowly so people can prepare.
The last crash was harsh, but it took 5 months to happen, so people had plenty of time to sell.
Now a big BTC crash happened and the Steem price is not crashing. So it's very well set up, people have a lot of confidence in Steem. And that is great news, when every other altcoin is in red.