- I think he also objects to the high degree of centralization, which makes it difficult to claim meaningful immutability or shared consensus (i.e. forking is easy, as we saw when the steemit account unilaterally voted in 19 witnesses), but it would probably be better to ask him exactly what he means by that rather than just speculating.
- I agree he doesn't understand the inflationary aspect. The issue here is that he is not alone; most do not. If we want people to stop reaching conclusions based on misunderstanding we need to figure out how to convey it better.
You are viewing a single comment's thread from:
yep, I am one of those people, and you've noticed... :^)
More users holding more steempower would not devalue the token, but depending on the number of newbies that cash out half, and then later all of their rewards, the exchanges could see increasing selling pressure and that would drop the value. Dan and Ned seem smart enough to have realized this, and built in some kind of control measure to cushion any serious drop.
I'm still fuzzy on the current level of mining, and wondering if it is still profitable to mine?