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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem • 6 years ago

It has value if it's useful and free/fast transactions may make it so. There are various ways to make your steem earn for you, but I think that mass self-voting will do it no good. Better curation rewards might help. I use this platform because its fun and I think it has potential for good. Making money is a bonus

6 years ago in #steem by
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     6 years ago (edited) 

    Except it is depreciating by 8% per year. Quicker than other 'useful' coins.

    So to use as money, there are cheaper alternatives.

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       6 years ago  

      Bitcoin's inflation rate was at about 8% before the last halving.

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         6 years ago (edited) 

        So we are inflating twice as quickly Bitcoin.

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           6 years ago (edited) 

          Now, yes. But a lot less than BTC when it was 2.5 years old.
          Doesn't matter a bit with an asset that can change up to 20% in value in a single day.

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