Should Steemit Enforce Demurrage To Force The Entire Stock of Steem And Steem Power To Circulate Irrespective Of The Desire Of The Wealthy Whales To Accumulate And Store It?
Just a quickie thought...it's worked for other cryptos...Go Google it for more!
Demurrage: the destroyer of whale worlds!
SIMPLE EXAMPLE:
Demurrage example: In block number XYZ, it is written 10 Steem in the chain.
A year after, the chain still contains 10. But if you move them, the new block will put 9.5 Steem. Simple really.
Just try to compare Steemit capitalization per active user and those numbers of any other social network.
I doubt that any arrangement to keep the status quo would work, better just let the market find out the real Steemit capitalization per user.
Your probably correct. Interesting idea though to slay the whales of all their pre-mined SP ;)
isn't this negative inflation? not deflation.
basically negative interest, which, as far as i understand it, creates disincentive to save, incentivizing divestment and transfer of value into a more stable form. this is my understanding from what i've learned about depreciating currencies. i learned all of this pre-crypto, so, i'm not sure any of it applies.
if it works, cool, it just occurred to me that it might lead to constant sell off and constant powering down. this might be the best thing for steemit, but i don't know. am i making poor assumptions here?
Negative inflation indeed. Maybe it could be attached to say ONLY Steem - NOT SP!
A v.interesting concept. Hope your watching this one @smooth ;)
I can't see @smooth being a fan of this, but you never know!
(I know he is one of the most open minded & communicative whales on here!)
Demurrage forces the entire stock of money to circulate irrespective of the desire of the wealthy to accumulate and store; banks, financiers, and corporations can no longer hoard money waiting for higher interest rates or a more favorable investment climate as the demurrage acts as a tax on stagnant money.
It would certainly solve our inflation problem!
I love his cool calm wisdom!
I would rather not distribute at all and let the coins disappear through demurrage, than do so in a rushed, unfair, centralized method!
That is a very interesting statement.
I would prefer the demurrage not to be too harsh - around a 5-10% loss per year.
(my example in the article above was set at 5%)
Steem - eventually evaporating like dry ice. Or rather, decaying like radioactive isotopes. Dry ice Steem? Decaying Steem? Half-life Steem?
Ugh. I wish I understood this!!
(just ignore it - I'll go mad at something else that you do understand soon enough - I promise! Ha ha!)