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RE: Proposed Changes to Steem Economy

in #steem8 years ago

Will the changes fix everything? Of course not..and the devs aren't promising that. They will help with one of the main issues which is that hyperinflation stratifies long term and short term investors too much. There are essentially no short term investors. When inflation compounds to 700%+ per year why would anyone buy and hold for a week or two? It's be better for the system to cut inflation rate even if it also meant cutting payouts. That's my opinion anyway. Ad revenue would be fantastic as it would potentially be a positive feedback loop for value in the system. Lowering withdraws of Steem Power from 2 years to a few months also will attract more medium term investors. What is the time line for these proposals assuming they are voted in which I'm confident they will be.