That's already built into the Steemit block chain. Every 3 years or so the amount of steem will divide ny 10, which in turn will cause the price to multiply by 10.
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That's already built into the Steemit block chain. Every 3 years or so the amount of steem will divide ny 10, which in turn will cause the price to multiply by 10.
Aha, so I was right -- the allocation will change. Is there anything prohibiting this change to be implemented with a hard fork sooner if necessary? My guess is no. It will probably be a trival adjustment in the code, and we can see this change happen sooner than 3 years.
It's soo early yet. But I definitely can see that people who hold onto as much as they can early, will really benefit in the long term.