You are viewing a single comment's thread from:

RE: Is Steemit a community where the rich get richer and the poor get poorer?

in #steemit • 9 years ago

The more steem power , the higher the price goes the less coin the system have to payout.

Example
I have the fiat price of 300.00 thats 30 steem 10.00fiat (i know)
but what if the price of steem increase let say by 10 more dollars, now do I get 30 steem the next time I reach 300.00 fiat dolllar no because 300/20 is 15 steem. ( i hope this makes sense its 4:00 am here )

9 years ago in #steemit by
$0.00
    1 vote
    Reply 1
    Sort:  
  • Trending
    • [-]
     9 years ago (edited) 

    Ok if the price of steem increases we all benefit for sure.
    I'm talking in terms of steems and steempower.
    Will steem increase or decrease? that is another question