ok...but what.... when millions and millions of people join, won't the individual rewards go dramatically down, to prevent hyper-inflation of STEEM? Or if not, the volume of STEEM in circulation will go dramatically up and decrease STEEM price?
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Yes, the reward pool will stay the same, so we are more people who have to "compete" for the same amount of rewards as we currently "compete" to get. So more people = less Steem for each author. The thing is that the value of Steem will also increase, so the USD value of the author rewards will likely stay the same or even rise.
@firepower ????
You're running on the assumption that every new account will be owned and operated by someone who is going to engage the community on a permanent basis...I clean out my "following" list every month because people get busy with other aspects of life, or they simply quit using the Steem network altogether...hell, I've taken months long sabbaticals myself...and you have to take into account that out of the millions and millions who join...less than 5% are going to do anything worthwhile on the blockchain...most are going to jump in to try and get their feet wet, and when they realize they actually have to work at it, they'll lose the struggle within themselves and return to earning a fiat existence...one problem with this blockchain is that we have millions in Steem/SteemPower/SBD sitting around in vacated accounts