I believe that steemit is going to be the next big thing, if its not already it.
But on the technical side I am also sure that the price is going up due to growing demand and lower supply.
In the latest statistics report by @penguinpablo
https://steemit.com/steemit/@penguinpablo/weekly-steem-stats-report-july-10-2017
I noticed that the power up rate is bigger than the inflation rate.
https://steemit.com/steem/@penguinpablo/til-how-much-steem-is-added-to-the-reward-pool-per-day#@amirl/re-penguinpablo-til-how-much-steem-is-added-to-the-reward-pool-per-day-20170704t181434918z
With new users coming, the value of the content and distribution rises.
While steem tokens are converted to SP immidietly, the full power-down takes 3 months.
So when the power up is high, as it is now, there is a decrease in the steem tokens supply for at least 3 months.
Of course I wish for the price to rise, but even when it is declining with all cryptos, I find it as a good buying opportunity, as steem is basicly unique from other cryptos.
או כמו שאומר המנון ארצנו:
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ולפאתי מזרח קדימה
עין לציון צופיה.
עוד לא אבדה תקוותינו
התקווה בת שנות אלפיים
להיות עם חופשי בארצנו
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I think steemit is a great idea and this is the only decentralized social network which really works, but... It is structured as a Ponzi scheme. The inflation rate is too high. Eventually, the whole thing will collapse. And that a pity as the actual idea and implementation are legitimate.
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Interesting. Why do you think its a scheme? The inflation should decrease to around 1 percent annually. The value distribution allows you to create value without any financial investment. I do think that the money power should be limited. But I see no scheme. Please explain.
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https://steemit.com/steemit/@amirl/hf20-limit-the-money-power
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spot on. steem will be a monster in years to come
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Amen to that, my friend
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I like your post thanks a lot for sharing and keep on posting ;)
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Thank you, will do
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I definitely agree.
Great post!
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Thanks
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I agree, now might be he lowest steem will be for a long time.
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Maybe the lowest from now on.
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