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RE: DAILY STEEM REPORT NOVEMBER, 30TH ( STEEM 0.16711$ )
I'm a very new member of the Steemit community. I've been devouring the FAQs. What does a hard fork mean? Does it cause a sharp revaluation of the Steem currency?
I have to follow you with that Name @steemlocomotive . I love Steam Trains
Its a change of the economic model of Steem, the inflation will be reduced to 9,5% a year. At the moment we have to many supply, so thats why the price went down so much. The hard fork will change that.
I see. So reducing the inflation will presumably increase the demand and raise the trading value?
correct