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RE: High inflation in Steem is an interesting experiment
This all good. And interesting take, btw. The first problem is, as you said it itself, inflation hurts previous investors. And this is a big BIG no no in treating investors.
Second - the inflation is already here and the 'ways to make Steem useful (as a token in itself)' are plans for the future...at best.
It doesn't only hurt previous investors it hurts everyone. It makes everyone's stash less valuable.
It's not really that bad for investors. If they have Steem Power, actual inflation is about 10 % per year. It might seem big number for a traditional markets, but a successful cryptoproject is extected to grow much more than 10 % per year.
If the expectation for yearly growth is less than 10 %, then yeah, you shouldn't invest. Inflation will take away your profits. But if you think it's more than that, like 100 % or 1000 %, inflation doesn't mean anything, you will still make great profits.
well, 10% is wishful thinking for the feb 2016 - aug 2017 period...
and yes I have not invested anything in steem up to now, and for a good reason:
today's rate of inflation stands at about the meager 0.45% daily or 165% annually
Did you say curation guilds? - this is as laughable solution to the problem as "inflation! the way to mass adoption", wet dream of dan's....
Steem (the core token) is not meant for long term investors, Steem Power is. For SP the inflation is about 10 % per year.
I think I should begin to follow you @samupaha
just cause....
You make laugh