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RE: Massive Hive Problem

in GEMS4 years ago

Well, I appreciate your considered response, but must acknowledge that the finite pool of inflation would produce price pressure in response to an influx of users. My own observations of the history of the blockchain over several years has revealed that distribution is problematic due to legacy financial mechanisms supplanting rhetoric supporting decentralization, and this is what prevents price appreciation.

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And that’s essentially why it’s not really important whether or not the finite rewards pool or infinite rewards stream is present, although they have their own economic implications, they essentially are subject to the same reaction by the market upon distribution, a downward market force on the given valuation.