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RE: Proposed Changes to Steem Economy
I don't think it is a question of natural price point but more about the structure and whether hyperinflation is actually useful or just serves to make the platform more complicated and less attractive to a wider range of users and investors. I don't think it serves much if any useful purpose. It was a sincere attempt and a good experiment but now that many of us have experience with the platform and understand it better, we can see that the hyperinflation model should be dropped.
Hyperinflation, or specifically the effects of powering up, kept money off the exchanges, which has proven to be possibly the biggest point of failure in crypto. With the new changes catering to speculators, exchanges will most likely become the single biggest point of failure for steem.
We will need to get the community behind pushing exchanges to use best practices - savings accounts and account recovery partners.
yes. It shows great strengths that Dan and Ned are able to take their idea and agree that it was not the best.
hyperinflation aka steembabwe = no bueno. The worst part is that it makes the oligarchy problem even worse. A flat rate inflation is highly meaningful for the top 100 accounts and means basically nothing for everyone else. Ben Bernake would be proud, but Joe the Plumber gets fucked. The sooner it's gone the better for everyone.