You are viewing a single comment's thread from:

RE: Steem Deficit Problem

in #steem8 years ago

I think you got these points wrong. Some observations:

  1. You don't lose SP by voting.
  2. Inflation is subsidized socially. We all pay that minnow or whale. Whether the whale votes or not.
  3. Creation of money supply is a like a force to inflation up. However demand for a currency is one that pushes the inflation down.

Suppose steem supply is going up by 25% per year now. That means for each 100 Steem today, there is over the year 25 Steem is created for mining, blogging, curating, backing the Steem Backed Dollar, and Steem Power interest over 2017.

All these things add Steem tokens which by supply and demand rules makes each token worth less each year, theoretically by about 20%.

  • Dollars earn 4.5%. How many dollars are there? Steem is created.
  • For those holding SP, how much do they get annually now? Steem is created.
  • Like you mentioned Author reward. Steem is created.
  • Curation reward. Steem is created.
  • Mining and Witness fees. Steem is created.

Authors bring value to the platform. That's what makes having SP cool. I can vote up you, and @canadiancoconut without directly paying.

I would put curation fee to zero. Those who vote should do so for altruistic reasons. With curation fees there is an incentive to vote like the crowd and so the common perception of what a whale would like becomes what many vote for.

By the way. Although I disagree with many points you should write a book and put it on steemfiles.com.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.030
BTC 62630.85
ETH 2463.74
USDT 1.00
SBD 2.61