You are viewing a single comment's thread from:
RE: Amazing profit potential! Here's how to earn a whopping $8,500 per year by locking up $250,000!
Negative rates are a whole different issue completely and also adversely change one's finances and incentivize idiotic spending and loan-making hence the giant speculation bubble we've seen. Though you'd need to be earning north of high 8.something percent this year to be breaking even here considering how much steem is to be printed yearly.
Agree, inflation is much more than 0,8% in Steem land, but then again, the fiat value of Steem is going with much higher fluctuations making any interest payments on Steem more or less irrelevant. Why going for maximum return with bots and all giving maybe the 20 to 25% return on Steem while Steem decreased 6 times in US$ value in last 6 months, and can gain 10's of percent on daily bases?
Can't control the value changes on the open markets, but you can definitely control how SP holders are rewarded within the STEEM ecosystem. And given that there is still powered up SP there is clearly at least some interest in increasing SP holdings from within the platform as opposed to just relying on making trades. Also, it is extremely tax inefficient to be making trades to try to grow steem holdings depending on your country of origin.
Agree we as individuals can't control the open market, but somehow it sounds strange to me to talk about some percentage gain in something we do with our SP while the fiat value of Steem is way more volatile and makes any gain on interest, curation or whatever more or less irrelevant. When we would be able to pay our daily needs with Steem while the amount we pay for products and services is kinda stable, than I will have a different view, but so far, hardly anything can be paid with Steem that we require on a daily bases.
But yeh, when looking at the dynamics and economics within social networking around the Steem blockchain, I agree with you and Kevin and all those who believe we shall create a more honest and fair Steem distribution system based on Proof of Brain, meaning more or less: when putting in the work, and providing some sort of value add to social networking, should be able to get some rewards... with the aim to more equalise the playing field and driving towards more equal power distribution.