We all know what this means for steem, look at BTS

He literally milked millions of dollars from this project resulting in the ugliest chart in the history of crypto (not counting 2 week projects here). The whole project goes against everything that they teach in economics 101. No one will earn a cent from posting on that platform with future price levels and the platform will have nothing to give except being a bad half decentralized implementation of reddit. See you at 0 bagholder.

As a bonus:

Chart of BTS



Chart of STEEM




Great Larimer projects. Now let's compare it to some randomly chosen legit projects not inflating the coin counts by millions to enrich developers:

STRAT



MAID



XMR




Going to have a field day laughing on everyone who honestly thought investing anything into STEEM is a good idea. But wait, you get voting power.