RE: Crypto Academy Contest / S9W3 - STEEM Inflation
Greetings Friend... Thank you for the invite.
Your understanding of what inflation is about, the causes of inflation, the types, and how it affects world economies is commendable. You also pointed out Inflation not only affects world economies but also in the Cryptocurrency world.
Your explanations of how inflation impacts the future of Steem are also very vivid to understand as you've pointed out it is for a greater as Steem has mechanisms such as Club statues and Token Burning to mitigate the effect of inflation also worth mentioning is the fact that Steem has a decreasing inflation rate of 0.42% annually.
You have also foretold the future of the Steem token to be bright for those who keep hold of the Steem for the future. So make hay while the sun is shining. All the best my friend.
Thank you so much for this valuable comment. I am glad you took time to read through my entry. Indeed, the Future of Steem is more than positive and all diamond hands will be rewarded. It's best for each and every one of us to focus on building their Steem power.
Thank you for honoring my invite.
Thank you for inviting me.