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RE: In your own words: A lot of effort for a flag?
Steemit will be great once the payouts stop... that's in about 8 years or something like that.
Steemit will be great once the payouts stop... that's in about 8 years or something like that.
I don't think people realise that they are going to stop one day, nor do they think about the spread of competition through onboarding.
what do you mean stop, it's engineered to keep inflating, you can always fork the code too ... It's a nice weekly grind till the end of time, or the computer time at least :D
Steem is limited and if I remember correctly, printing will stop in 2035 or around there. The pool is currently getting larger but will start decreasing after a few years. As more people are onboarded, it is going to get very scarce:
https://steemit.com/steem-inflation/@fyrstikken/what-is-the-inflation-rate-of-steem-here-is-the-supply-table-for-the-next-20-years
steem might be limited, but I suppose you can always print dollars, I think there was a limit on that as well, since they are steem backed dollars :)
well it's more complicated, yeah maybe in 30 years things won't be the same, I don't see a way the printing will stop tho, that's the reason people are here,
create content, get paid, something like that ...
interesting that the limit came up, I wonder what's the point of the SMT's then :P create a derivatives market, :| well a story for another year :D probably with the rate they release products it's gonna be a while, probably a few months before open testing begins
I 'think' the SMTs will mean that steem can be used to back them regardless of whether more gets printed. The SMTs can grow in value and push the value of Steem up as they do so. I don't know... :D
yeah if good communities spring up, I'm still wondering if it will be just echo chambers or if there will be more cross-pollination, so yeah that is one thing you can always do if steem gets topped, you can just buy some and create derivative tokens for some use case, it's a soft fork of a sort, hence why stinc is really trying to capitalise on that opportunity, less potential forks, more money gets escrowed, steem value increases, their "investment" pays off, dunno everybody wins :|
I'm still thinking about the possible benefits, sounds nice, but it's not a full smart contract, it's just having the options you have on steem, but handed out to you, rather than having to spend months to develop a platform and having it still tied to steem and it's development and politics ...
Wait, what? The payments are going to stop? Yeah, didn't know that. Ha ha. I thought that the increase would incrementally lower until it reached a low inflation level. Where could I get more info on this?
Here is a table at least to et you started :)
https://steemit.com/steem-inflation/@fyrstikken/what-is-the-inflation-rate-of-steem-here-is-the-supply-table-for-the-next-20-years