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RE: 3 Reasons Steem Price Will Go Up - And One Reason It Will Not Reach The Moon
I agree that the platform is an opportunity in itself, I was just drafting something for the next 3 - 6 months. In 2-3 years, provided Steemit stays afloat, the influx of new apps, like the one you're building, will totally change the game.
As for the correlation between inflation and the number of accounts, I don't think it holds. In a country where you have 100% inflation, its effects will be the same wether or not you have 1 person in that country or 1000000 persons. What you imply with the increased number of accounts is that they will burn, or otherwise find some usage for the tokens, which is just speculation.
Well 100% increase in supply is not the same as 100% inflation. Inflation is reduction in value because of price rise of reduction of purchasing power (which are sort the same actually). From August 2008 through January 2009 the U.S. money supply grew from $871B to $1,737B, a rate of over 100% per year and that did not mean US had +100% inflation. As long as there is demand (increasing number of users) and provided steem gains utility properties the price should go up as long as steem generated per user does not exceed new user count. The bigger problem here however i believe is concentration of steem because of self votes and voting other whales and lack of incentive for new users to join and commit creating the quality content. As for now creating quality content does not scale in proportion with time input at all. I could drop a pretty picture of a girl that i have shot 10 times a day and earn more with diminished rewards than making 2-4 quality posts. It just isn't what i want to do with my steemit account. Steem is an amazing blockchain, steemit still needs a lot of effort to make it work. But i totaly get is as it is in beta and i know how ling does it sometimes take to implement features that sound very simplistic verbally.