STEEM has a crazy inflation!
In this video i talk about the crazy inflation steem has. is this true? or just clickbait? it is a rumour going around of steem having huge inflation but thats simply not true. listen to what i have to say in this video.
WHAT IS DTUBE?
Dtube is a video platform that rewards its users. You get rewarded for posting videos and interact. This video was originally produced for Dtube.
My Dtube Channel: https://goo.gl/8D3p9M
My Steem account: https://goo.gl/4gjXo1
WHAT IS STEEM?
Steem is the Blockchain Dtube is running on. Steem has different interfaces and Applications built on it. with one account you can use all Apps.
Sign up (waiting list): https://goo.gl/bWMFf1
Sign up (instantly): https://goo.gl/1rbP1g
FOLLOW THE ADVENTURE
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Website: http://perfspots.com/
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#inflation #dtube #share2steem #steem #followers #steemit #coingecko
▶️ DTube
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Steem has no limit
It’s fiat
I love the people here
But it’s a crazy crypto
i love the crypto and think the people are crazy =P
seriously: i agree with you
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Not all the apps pay for delegations. But curating can bring a lot of profit to investors for sure. And if they will create some content of course they will be supported very well. If I had about $100k I would invest it in steem, it could make about 333k sp and it's possible to earn from that more than 1000 sp curation per month, but again, if the price of steem will go lower, so I will have less $. So, investing in steem is very profitable if the price in $ will go higher, and more likely it will go soon because bitcoin is growing and steem will grow as well.
Steem is NOT finite like bitcoin's 21M maximum, because the inflation goes down by 0.5% per year but will stop at 1% per year (if my memory serves me well), and it will grow indefinitely.
But I still think there is not enough inflation in STEEM. Because this daily reward pool goes down. Right now it distributes about 50K steem per day, but when we will be at 1%, it will distribute something like 10K steem per day. So if the number of users stays the same, each user will make 5 times less than right now. If the userbase grows ten-fold, then each user will make 50 times less than now on average.
Aaaaand STEEM was super inflationary near the beggining, I was registered when it happened and it was crazy, your SP would grow super quickly naturally (something like double every two months if you were active). It was inflationary but fun and cool :)
The inflation rate has to be around 8% something at this point. I've been here for 2 years now and when someone talks about inflation the percentage they bring up is always 9.5%. The inflation rate decreases, but people's perception doesn't seem to. :P But yeah, if everyone just stopped doing anything and wouldn't buy/sell Steem on the open market then we'd only lose 8% of our investment per year. That's something I can live with. And if you make the tiniest effort you're going to earn more than the inflation eats away. Hell, you don't even have to do anything with all these airdrops happening now.
Inflation isn't a bad thing in general.
Inflation can be really good for the economy.
The problem with the inflation we got at fiat currency is that only banks or states are printing the money. At Steem it is different. Everybody can print money by Delegating Steem or creating Content.