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RE: Would steem be good at being "money"?
fantastic post. i think out of all the currencies, you're right about dash. It is so much farther developed than everything, its ran like a legitimate brick and mortar company and the group of devs working on it is fantastic. i love steem, i have found that it is fast at transacting, and reliable and easy. the only problem anyone would have with steem being a currency for money is that it also has a form of "inflation" if you look into it. i feel like that is why so many people hate fiat, because inflation. but with steem its different, it increases then they chop it in half. with actual money you cant stop inflation. you just keep printing and printing! fantastic post, i look foreword to seeing way more stuff like this, followed.
Dash is totally centralized
Like what’s the point if it’s not decentralized? We might as well use a future bank crypto that’s at least backed up by something, dash is not decentralized at all. If dash wins over bitcoin this was all a waste of time
Thanks a lot @procaptainjoe ! It is true that steem has some inflation. But the inflation(according to my knowledge) should slowly decline over time and eventually hit 0. I might be wrong though, but I read it somewhere and I will look it up to share with you. cheers!
It has crazy inflation
And the rate can be changed easily. We can’t assume anything
ill read more into it too because honestly it confused the hell out of me when i read it! hahaha
Seems like most posts agree on it will go down to 1 % over the next 18 years Source from @penguinpablo. The post is a little old but I dont think stuff like this changes.
This can change at the hands of the few who hold most of the power. I’m pro steem and can admit there’s no certainty steem won’t be 10 cents soin
53k a day. thats not really that bad at all when you think in terms of inflations compared to the USD and if its supposed to stop and decrease in 18 years, hey. win for us all right? you got me! i guess i didn't finish the DYOR plan did i hahahah
Are u really trying to say usd inflation is worse then steem inflation? Are u joking?
It’s crazy people don’t see this inflation outside the mania cycle will end wity steem being 5 cents soon. I love this community and post daily but there are serious problems with steem the crypto at this time.
We are all learning this together:) !
It can go down as demand increases. But the demand may not increase infinitely. That could be an inconvenience. In any case, perhaps in the future the model can be adapted to correct what can now be a tolerable defect.
Steem's inflation will stop decreasing when it's at 1% iirc
Dash is shit compared to monero.