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RE: High inflation in Steem is an interesting experiment
actual inflation is about 10 % per year
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
- And no I do not currently foresee 100 or 1000% growth on a system where all the curation power is in the hands of 20 geeks (and 80 of their friends)... 20 or so coders that will find the best content in their 50 min a day not coding? Very nice idea.... Genius I should say.
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