RE: Is Bitcoin a Ponzi too? A Simple Explanation about Where Does Money Come From for Dummies
Thanks for your story. But are you sure you are correct about the following?
"Meanwhile, Steem Power holders have slight decrease from 96.0% to 91.4%, about 4.8% decrease. That is, when price become 1/4, you have about 3.98 times more STEEM because you are holding Steem Power."
I assume you mean with "when price become 1/4" it is due to inflation. That will happen after 2 years. If inflation is 100% per year.
If 10% all of new Steem Power goes to content creators and curators and price goes 1/4 (let's say 2 years) because of the inflation I calculate the following:
Let's begin with 10 SP for user X and a total supply of 100 STEEM.
Beginning, day 0: 10 SP
At day 0 of year 1: 19 SP
At day 0 of year 2: 36,1 SP
If the total supply was at the beginning 100 STEEM, after 4 years it will be 100 x 2 x 2 = 400 STEEM
In the beginning user X had 10% of all STEEM (10 out of 100), after 2 years 9,02% (36,1 out of 400). That is 3,6 times more Steem, but user X loses almost 10% of wealth in 2 years.
So basicly: if you buy Steem Power and only hold and the market cap is not rising you lose 5% of your wealth every year.
Or maybe I'm wrong, but please help me out in that case. :)
Since this is the first year and we have a small amount of supply now.