RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

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snubbermike (59)in #steem • 6 years ago (edited)

Except it is depreciating by 8% per year. Quicker than other 'useful' coins.

So to use as money, there are cheaper alternatives.

6 years ago in #steem by snubbermike (59)

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pharesim (73) 6 years ago

Bitcoin's inflation rate was at about 8% before the last halving.

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snubbermike (59) 6 years ago (edited)

So we are inflating twice as quickly Bitcoin.

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pharesim (73) 6 years ago (edited)

Now, yes. But a lot less than BTC when it was 2.5 years old.
Doesn't matter a bit with an asset that can change up to 20% in value in a single day.

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