The hyperinflation that's happening in Venezuela is about to happen here on steemit. If this technology gets enough support and continues to exist long enough
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The hyperinflation that's happening in Venezuela is about to happen here on steemit. If this technology gets enough support and continues to exist long enough
In Venezuela the hyperinflation is more than 700% this year, thats not gonna happen to steemit.
I don't understand that comment, sorry. I'm not looking forward to anything similar happening on steemit?
You still realize that 90% inflation per year isn't a good thing?
Yes, I do. Steem is even higher currently and will settle at 100% annually, right? But Steem is designed that way and I don't see that as a problem one could compare to what is happening in Venezuela. That's where you lost me.
You still do realize that people can withdraw that money with weekly payments, right?
Yes I do :D Why do I get the impression that I seem to give you the impression to be a complete retard? :D My english is not perfect and I am no coder, but I know a thing or two about monetary theory :-) So what' s your point? How are we going to turn this thing here into socialist hell?!? Because of Steem inflation? Seriously? Why are you here then?
I'm just pointing out the flaws 8 years before they actually become a serious issue. You can't have a socialistic hell in a anarchistic community. You don't even look like a retard, since you're posting about Venezuelan inflation. You're a grade above others, in your knowledge about the financial system.
Ok, now I understand, thanks! I was just confused, sorry. I am still making up my mind on the longterm prospects and have yet to fully understand all the implications of this highly unusual token (Steem). I gets cut by the factor ten after a few years, right? That`s also pretty odd.