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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.
Except it is depreciating by 8% per year. Quicker than other 'useful' coins.
So to use as money, there are cheaper alternatives.
Bitcoin's inflation rate was at about 8% before the last halving.
So we are inflating twice as quickly Bitcoin.
Now, yes. But a lot less than BTC when it was 2.5 years old.
Doesn't matter a bit with an asset that can change up to 20% in value in a single day.