Do you think it's problematic that steem has no capped supply and will continue to inflate indefinitely?
RE: Vlog 205: STEEM is the perfect long term investment.
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Vlog 205: STEEM is the perfect long term investment.
No, inflation will get less every year.
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is that true? do you have a source for that? does that mean that less steem will be given out in rewards, and to witness nodes, every year?
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https://steem.io/SteemWhitePaper.pdf
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Yep you're right, I forgot. That makes me more super bullish on steem than i was before. Which was a lot already.
For reference if anyone else is interested:
"Starting with the network's 16th hard fork in December 2016, Steem began creating new tokens at a
yearly inflation rate of 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or
about 0.5% per year. The inflation will continue decreasing at this pace until the overall inflation rate
reaches 0.95%. This will take about 20.5 years from the time hard fork 16 went into effect."
Still, it technically will keep inflating forever. Just not at a very fast pace. Seems fine to me though.
And it's interesting, it means the amount of steem paid out is decreasing every year...rewards early adopters, I suppose :-)
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.
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^this
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