I still don't fully understand how the three types of value (STEEM, Steem Power, and Steem Dollars) will play out over the long term. Aside from technical aspects outlined in the White-Paper, how will the public perceive what the best strategy is? STEEM tokens are continuously produced, raising the supply, is this rate fixed or can it be adjusted (kind of like a central bank - which would defeat the purpose of decentralization)? Thanks for the post!
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The rate Steem is generated is fixed at doubling the supply each year; it could only be changed in a hardfork update.