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RE: Real Talk: The Future of Steem

in #steem6 years ago

No disrespect bud, but if you think the inflation in Steem needs to go away, you just don't understand the concept of Steem. Its whole value is wrapped around its inflation. On Steem, the concept of what makes this blockchain valuable is its variety of methods one profits on Steem, and this depends upon the inflation-based incentive model.

It is steadily reducing the inflation rate yearly by 0.5%, which is a satisfactory number. This gradual deflation rate allows for a sense of scarcity over time which benefits early adopters while allowing newcomers to enter without an immediate sense of unfairness. What was unfair is when the inflation rate suddenly went from 100% to 9.5%. This is why there is such a wealth disparity and why the meritocracy of the most promising opportunity for a meritocracy economy went to crap. Dropping from 8.5% to 3% would only be a repeat of this tragedy.

All the coins are technically inflationary, unless they are just automatically not mine-able coins.

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