The price of STEEM has been declining over the past week
Oh no! That's Terrible!
Or is it?
When the price of STEEM falls, author rewards earn more SP.
With all the talk lately of whales, and dolphins, and minnows, one thing is obvious. Many of us are HUNGRY to close the gap between the small fish and the whales.
Now is our chance!
A short term decline in the price of Steem might be the best thing that can happen for the long term health of the community we've come to love. It will provide us with an opportunity to level the playing field a bit, and give some of the less established users a chance to catch up. It may be just what we need to work towards a fairer, more enjoyable experience for everybody.
STEEM will be volatile. It will go up, and it will go down... The ebbs and flows are not to be feared, though! We benefit from both in different ways.
When the price is up, we enjoy larger rewards and extra Steem Dollars. When the price goes down, it's our chance to Power Up with more SP from rewards. Cheap STEEM is a good chance to buy Steem to power up with, too.
It's a win/win, and part of the beauty of Steem's unique economics.
Full disclosure: I am a jellyfish.
