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RE: With the value of Steem continuing to drift lower, is there something fundamentally being missed?
This is a very interesting point and one that I have been concerned about for over 2 years.
To maintain what is essentially a zero sum gain in the value of #Steem a considerable amount of "fresh cash" has to come into the #Steem Ecosystem just maintain the effects of Inflation.
That is also not allowing for any Power Downs which are being done in some cases, just to keep the wheels turning.
Thanks for the contribution to this Blog.
Excellent comment.
Stephen
Here is my recent post showing computations
https://steemit.com/actnearn/@prameshtyagi/actual-steem-inflation-is-way-above-planned-inflation