No they don't. Economies don't work because people hoard wealth for hoarding.
RE: If I Was Still On Hive
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If I Was Still On Hive
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stuffing cash and or gold bars into my mattress contributes to SCARCITY which contributes to VALUE
It's but one aspect of an Economy, supply. Its the demand that drives the value.
demand is compounded by short supply
Demand existed when the supply was abundant and no stakeholders had any tokens.
when was this exactly ?
When steem was being mined.
who was "demanding" it at that point ?
Numerous people, most of the whales, from abit to Bernie.