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RE: Blockchain Heresy and Steem Economics: (Some) Steem platform inflation is a good thing! It just depends on how we use it!

in #witness7 years ago

A great post @aggroed and I like your proposals.

It is too bad the worker proposal system didnt gain any steam...it makes a lot of sense.

The thing about inflation is that the pace of growth simply needs to outpace the pace of the inflation. This is something we are seeing and will continue to see over the next few years. As we are closing in on 600K users, and touching 60K users active users, that means that we are growing at a rate much greater than 10%.

It is a great time to look at the additional 2.5M steem that is going to the richest on this blockchain and route it back to the distribution pool. Overall, I think the whales will make a lot more money since those tokens given up will help to create a much larger price on STEEM than will happen locking it up. In a year I predict STEEM will be $100...that is another $250M being handed out to the masses in terms of reward. This will really help foster growth...if it is 2.5M people, that is an extra $100 per person on this blockchain per year (we arent going to hit 2.5M active users anytime soon, so the amount is actually higher).

This is a great proposal...I support it.