The Ledger

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Monegro: Steem's early token crash was driven by excessive inflation

“When they started out, they had an economic model that created a bit of a bubble and then that crashed pretty quickly because they had an inflation rate that was way too high.”

Joel Monegro Jul 2, 2018 ▶ 21:30 20VC: Why Most The Value In Crypto Will Accrue in Governance, When Institutional Capital Will Enter The Space and How To Think About Liquidity In Crypto with Joel Monegro, Founding Partner @ Placeholder.VC

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