You are viewing a single comment's thread from:
RE: I just bought my first steem!
If you are a hard working father of four, you should try to sell STEEM to get either dollars, or cryptocurrencies other than STEEM, which is an inflationary currency.
Dollars are toxic, but if you are in debt you need them to cover as much of your debt as you can before interest rates go higher.
I think you need to get your facts strait. Virtually all cryptocurrencies have inflation. Current inflation rate of Bitcoin is aproximatley 4% per year. Steem's inflation rate is at 9.5% and gradually decreasing by 0.5% every year.
Bitcoin will never have over 21M units, unless its developers will reneg on their own promise, so it is inflation proof.
What you mean is that it can still be mined, but it is already economically wrong to mine bitcoin.
STEEM unlike bitcoin will forever grow in quantity, which makes it an inflationary currency, not to mention that obtaining it is so much easier than mining bitcoin.