Thanks for the video Dan. I am a new follower and was just trying to explain Steemit to my wife this morning. I think I hit most of your points, but not nearly as clearly. Her first question was, "Since the amount of steem is finite, what happens when the last bit of steem is allocated by our votes? What would a vote mean if there was no more production to allocate?" I really didn't know how to answer. What do you think?
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STEEM will eventually settle at an annual inflation rate of 1% (about 10 years from now) so unless the community decides otherwise there will always be new STEEM being create. The idea of a "limited supply" in this case, is that the supply is "limited" to a set of rules that cannot be changed without complete network consensus.
Thanks Dan. I will keep watching and learning. I will make sure that my wife watches this morning's video as well. Have a great day!