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RE: Steem Basics: Why Steem is an Application-Specific Blockchain
After reading through your comments, I believe you are just misinformed. Steem isn't pos, its dpos. This has disadvantages compared to PoW which is still clearly the best solution in profit of decentralization. But it also has a lot of advantages, the biggest one being the lack of competition to mine blocks.
Also STEEM isn't inflationary anymore, it's very similar to other crypto currencies now. It's been changed about a year ago or something. It used to be ultra-inflationary, but it's not anymore.
It is still inflationary, there is no max supply. It goes down to 1% per year, then stays at 1% per year.
Right, still less or comparable to the currency you and I use everyday.
Just wanted to clarify.