You are viewing a single comment's thread from:

RE: A Social Media Revolution Has Begun With The Advent Of Steemit.com!

in #steemit7 years ago

I agree!

But the new money comes from somewhere, of course...

This is where the inflation rate comes in. I think with an inflation rate of somewhere between 5 and 10 percent, the platform would be a healthy one. In this case, the inflation rate is low enough so it doesn't deter people from holding the currency. And is high enough so that people can make a significant return when creating quality content.

Sort:  

yes, Steem is the first application of the inflation tax to do something other than help make exhorbitant profits on funding both sides of a war... And it more or less makes copyright irrelevant, in the sense that if you post it on steem, you got paid...

Couldn't agree more!