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RE: Fixing a Problem in the Economics of Steemit

in #steemit8 years ago

I'll confess to not understanding all the economic aspects of Steem. I think they had a higher interest rate initially, but 1.5% is not really much better than nothing. I guess it's not much of an incentive to hold SP, but there are other reasons to do so. I want to see them use their funds efficiently and perhaps this needs to be revised.

I have other concerns about how they are delegating SP to new users. It's done via the @steem account, but that has run out of spare SP at times. What happens if 50000 people suddenly join up? Can they keep funding that?

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I'm guessing once your steem goes up to a certain amount it automatically is retracted, or if you're inactive for a while.

I don't think it's in danger of running out anytime soon

I hope not, but that account has run out a few times and caused new sign-ups to fail with a cryptic error message. That's not a good introduction to Steemit.

oh it's not about running out of funds, just other technical reasons i think

They have the funds on other accounts. Just need to ensure they are available when required. We want a good experience for new users.