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RE: Greed, need, bleed and seed
As I read around the place I see various behaviours and opinions about things. Some of them are direct toward me, many aren't.
The utility of crypto is going to keep expanding. I heard a friend say that there isn't even enough bitcoin for everyone in the world to have 0.01 and considering there are many who have a lot more than that, it is going to get interesting if adoption happens.
I thought there was a limit of steem too? Or am I remembering wrongly?
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The inflation drops 0.5 points (currently 8.5%) every year until it reaches 1% per annum. This means that when it finally hits that (about 2034) there wil be a total of 650 million Steem and then 1% added per year (6.5Million) from then on. At the moment there is about 26 million printed this year, a little more next and then it starts to drop away quite sharply. What this also means is that in the first 3 years, half the Steem for 20 years has already been pushed out of the blockchain in the first 3. Going to get interesting.
My brain just crashed (it's early in the morning and I'm chipping my way though my first coffee XD). So anyway my takeaway is currently it keeps coming just much slower. I'm happy with that :) Thanks for explaining :D
:D