NED TALK - Inflation
MY WITNESS is: @fyrst-witness and this is HOW TO VOTE FOR IT
copy this text: fyrst-witness and paste it at the bottom of this page and click vote
copy this text: fyrst-witness and paste it at the bottom of this page and click vote
everyone should come on discord ! :) love it
nice share @fyrstikken good job :D
@fyrstikken says
You nailed it!
excellent post valuable information my friend @ fyrstikken. Congratulations and thank you for spread
Maybe I am mistaken but It seems like Ned wants to reduce the inflation but wants to keep the 2 year lock time period. The only reason a few people lock their coins for 2 years is that it is currently the only way to invest in steem without taking the crazy inflation. If you allow people to invest in steem with only 10% inflation even less people would want to lock their steem for 2 years.
Locking people's coins is as bad as the inflation, inflation currently is a barrier to invest and the lock time period is a barrier to participate ( curate) both are bad for adoption.
Steemit should reduce this period as much as possible. The idea that locking people's money will force them to stick around is totally wrong. If you want them to stick around increase their investment,increase the rewards on the platform, to achieve this you need to reduce significantly both inflation and lock time period.
Also a shorter lock time period will allow for a much faster redistribution of power
Hi @fyrstikken, I just stopped back to let you know your post was one of my favourite reads today and I included it in my Steemit Ramble. You can read what I wrote about your post here.
Been with 1Broker f0r a little over a year now and I love the new upgrade. Easiest Bitcoin trading platform out now, love it!
Love Steemit as well ;)
The music in background and linear tone make the whole thing feel like some background chatter, gave up after I realized for the third time that I had stopped listening. Audio podcasts are too underwhelming for doing only that, so if not made very dynamic, it's easy to start focusing more on the other things you are doing while listening to it. Anyway, upvoted for the witty pun in the title. Looking forward for the NEDx series :)
Great to hear, also the rest of NED talk that fits right in there. More control over the ₷teem creation, as blockchain parameters.
I'll keep my ₷P where it is and let it grow further.
Attention market, here we are!
There is tons of utility in crypto's! Audits, currency, transfer of ownership etc.
Great discussion. I love the conversations around reducing inflation and introducing advertising. Any ideas on the timeframes for the implementation of these ideas?
The longer they print the harder it will be to get a high steem price. Rewards are based on the price of steem which means that the more coins are being issued the more difficult it will be to increase rewards on the platform in the future. Hopefully witnesses understand this and that reducing inflation will attract many new buyers and will make their stash a lot more valuable than it is now.
yes, will take at last 2 months for any changes to implement, that's perfect for me