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RE: A Social Media Revolution Has Begun With The Advent Of Steemit.com!
I agree!
But the new money comes from somewhere, of course...
This is where the inflation rate comes in. I think with an inflation rate of somewhere between 5 and 10 percent, the platform would be a healthy one. In this case, the inflation rate is low enough so it doesn't deter people from holding the currency. And is high enough so that people can make a significant return when creating quality content.
yes, Steem is the first application of the inflation tax to do something other than help make exhorbitant profits on funding both sides of a war... And it more or less makes copyright irrelevant, in the sense that if you post it on steem, you got paid...
Couldn't agree more!