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RE: The platform growth/rewards pie paradox: A fundamental flaw in the Steemit architecture (Part 1 - The Problem)
Hey bulleth,
Once everything settles down and Steem becomes more established, shouldn't simple supply/demand factors of a finite pie see price stabalise?
And the more that you have accumulated at the start (now), the better off you will be in the long run?
Do you see this problem as only a short term one?
Correct - if Steem appreciates faster than user growth, there will be no problem and as demonstrated by Ether, even coins without a fixed supply cap can go sky high.
Though there really is a problem right now, when I wrote this post yesterday, I hadn't seen this chart from @elyaque:
I didn't think HF19 had an effect on the rewards pool, but it is quite obviously being drained faster than it is being replenished. Check out his post for more