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RE: Steem Power Interest Is Not Compound Interest!

in #interest8 years ago (edited)

If the money supply of the dollar remains constant, yet we use an accounting ledger which moves dollars from one person to another when an interest payment is made, is that not an interest payment because the total supply of dollars didn't change.

Just because you invent some orthogonal ratio token that remains constant doesn't mean value wasn't transferred. Duh!

Come on guys, I don't have time for middle school math tards.