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RE: Steem - What if we turned off the inflation?

in #steem5 years ago

I was hoping we would see a little more support on this... My only concern would be that if we remove the ability to earn steem via keyboard mining, is there going to be enough demand for people to want to own it? That would only come if we truly got some great apps built on steem.

Though, if we just keep down our current path it doesn't look like it will work either...

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I dont see why not. This would just make steem into a base token with low inflation whose value would be derived from the use and value of apps built on it. It would have a trading pair with all SMTs.
Instead of having a pay yourself scam going on, a platform rampant with abuse, spam, garbage and junk content we would have a token that would pay a small dividend to a holder when powered up and the STEEM model could be copied into the STEEMIT SMT or any other SMT where the platform, developer would have control over all the crap that is happening right now.

But this would mean a big change and Steemit.inc doesnt seem too keen to drop this system no matter how broken it might be.
I might agree with you... but if you dont know people that know people i dont think this would stick.

Yep, I like the sound of that a lot. In fact I could see the price of steem going way up in this scenario...