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.
Absolutely.
I guess there's only so much speculative capital that can flow
As long as you have winners the capital will come, same concept as gambling.
where does that lead in a longer term? And how could such scenarios play out inside of the steem-economy with SMTs?!
There is one concept that crypto and the free market re-introduced to us which is to take responsability for our actions. I think it's a good thing.
RE: Can STEEM ever become a reserve currency?