Ok that's a fair point! But then isn't that maybe also one of the potential main reasons why the crypto markets are tanking generally?! And yes, that also underlines that the sky-high prices were driven by speculation primarily.
I guess there's only so much speculative capital that can flow into a market and the "supply" gets drowned in exit scams like bitconnect and the countless drained ICOs... where does that lead in a longer term? And how could such scenarios play out inside of the steem-economy with SMTs?!
especially if STEEM becomes the SMT cash out currency
I think we share similar concerns there
RE: Can STEEM ever become a reserve currency?