What's not clear to me is if Steem is doubled every year, won't that then scare investors away by this dilution? It makes me wonder if this is why the currency is losing value? Of course the US is printing dollars like crazy and the price is holding so I imagine there are many factors.
You are viewing a single comment's thread from:
Hi @cryptyoyo.
The STEEM supply is not doubling every year, that was kinda the main point for making this post. This was the case before December 6th, last year. It's increasing with about 9.13% per year, right now - and will decrease to 0.95% eventually.
The USD is printed "like crazy" and it's buying power is decreasing every year. So is the case for all other fiat currencies as well.
You are right about that there being many factors in play here. Some of them are mentioned in this article, and the commments below.
Thanks for your commen!