RE: No matter how high the price of STEEM, earning STEEM will be harder and harder in the future.
I’ve been harping on this idea in a lot of discussions lately! One of my favorite simple examples is...
There’s roughly 250 million Steem in existence and a 10% inflation rate, resulting in 25 million Steem distributed from the rewards pool each year. (This is a simplification) Imagine we grow to a very modest 10 million users... That would mean that on average each user will earn just 2.5 Steem per year! And of course 2.5 is the average, what would be accomplished if everyone earned equally. The median earning will be far less. Average non professional, non entrepreneurial users will assuredly earn less than 1 Steem per year.
The Steem blockchain is a wonderful toolset, but not a cornucopia of cash! We are all very fortunate to have been here at the outset. This is very pertinent when setting expectations with new incoming users. It’s up to them whether they feel fortunate at their still early arrival, or disheartened by the road ahead.
SMTs may prove critical in enabling feelings of growth, accomplishment, and reward for the mass of users, even while Steem balances grow more stagnant.
Great point you make there @bryan-imhoff. Appreciate your input 👍🏻
Thank you for this well thought out comment.
As far as i see it, new users come mostly for the opportunity to make some cash, when they see their rewards are too little, they will stop using the account. The best way for users to stay is to give them ways to have fun here, like making games based on steem, etc....