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RE: Steem Works: A Funding Mechanism for a Worker Proposal System
I would avoid changing monetary policy...if an investor was told he would get a certain % a year ...you can't then just turn around and tell him "sorry we changed our mind you won't get anything". it's basically fraud and theft. then good luck finding another fool to invest in Steem again.
People were saying exactly the same thing before HF16. Thank god that argument didn't convince anyone else we would still have 100% yearly inflation.
fair point. but we'll have to finalize the economic model at some point.
I can't see big investments getting involved into a platform that keeps changing its reward rules as it goes along.
White Paper was scrapped. Now we have the Blue Paper...and that will be scrapped too. Next will be Toilette Paper as it might last even less. At some point the basic rules need to be set in Stone.
People need to know what they are investing in...and at the moment it is a giant mess.