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RE: Why Steem Is the Real Libertarian Platform
STEEM White Paper is long and not many are going to read it. I did it and I am happy for that. I sense a deep understanding of the economics from the developers and more then that a lot of Wisdom.
By the time a finished to read the White Paper I was convinced about this project and decided to give it a go.
I was intimidated at first, but it is actually well written and coherent. I love how they compare the system to investments: long term equity (steem power) and debt (steem dollars). Very well designed.
To be honest, I am a bit concerned with the 10% inflation embedded in the system, and the freedom of witnesses to determine interest rates, but hopefully these concerns will turn out to be unfounded...