Do you know that each year number of STEEM coins will double?
Yes! It will double each YEAR! That means year after year each STEEM coin will be worth less and less.
And eventually it will hit $0!!!
Do you know that each year number of STEEM coins will double?
Yes! It will double each YEAR! That means year after year each STEEM coin will be worth less and less.
And eventually it will hit $0!!!
I think you need to take a closer look at the Steemit Whitepaper
governments do this since centurys.
some people call it inflation.
lesson 1.
inflation is no indicator of something hitting 0 $
(also the value of steem isnt directing the value of steemit as a whole)
This is known. You're not supposed to hold Steem for purposes other than providing short term liquidity (and short term speculation if you so wish). Anyone who has read the whitepaper is perfectly aware of this. Incidentally it is only the virtual supply which doubles every year, the liquid supply will likely vary quite a bit with market conditions.
The coin will be redenominated such that it stays practical even with a high level of inflation.
Why? how do you know this? That is a very bold statement with no facts that will in any way back it up. I am not sure that you are right and with all economic issues things will rise and fall.
Read the Steemit Whitepaper:
"At first glance, 100% annual increase in the STEEM supply may appear to be
hyper-inflationary and unsustainable. [...]"
Did reading the whitepaper stop at that sentence for you? Because when you keep it in context, it makes a whole heck of a lot more sense:
I can understand your concern.
However can you provide a more economics backed explanation how this differs from any other government currency or fiat?
Or else, fear mongering is unwelcome.
I know this from this POST:
https://steemit.com/steem/@tereska/steem-maximum-coins#@cyber/re-tereska-steem-maximum-coins-20160718t194321428z
i think you must create a post make up tutorial like this !!
https://steemit.com/beauty/@guerrint/the-first-steemit-makeup-turtorial-bringing-youtubers-to-steemit
How she do this kind of money? She is famous one or what? Is this because she is a girl? Or she have a huge number of fans? Who is she?
I'm worried because this platform depends on blog authors. If the STEEM will be printed and printed each STEEM will be worth less, so the authors will get less in dollars. And eventually they will go away... and this platform will die...
Read this:
https://steemit.com/steem/@onubense/why-you-should-not-invest-in-steem
I'm not only one who think this is a SCAM.
https://steemit.com/steem/@cryptofunk/defending-steem-from-the-most-used-word-in-crypto-scam-please-help-with-defense
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Good discussion point. I was about to start a similair discussion. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. An interesting website I found: https://www.coincheckup.com This site did all the research for you. It's truly amazing.
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