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RE: STEEM: Ask It And I Will Try To Answer It.....Let's Hear What Is On Your Minds
Really appreciate your recent explanation of how facebook can't just dream up a token to counter Steem. That was weighing heavily on me for months and months.
Other question - how do you picture Steem once it's fully mature and there's no more yearly inflation? Will new users be interested if the supply is tightened severely? How will rewards be paid for once the inflation stops almost completely?
I believe the inflation of the currency takes place over the next 40 years so I am not sure it is really a major problem for a while.
As for diminishing reward pool, I think the idea is the increase in value of STEEM more than compensates for it.
Which makes sense...a .9.5% inflation rate should easily be outpaced...if STEEM only increases at 10% a year, that is poor in the crypto world.