RE: STEEM IS A SCAM! They will "print" infinite number of coins!

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STEEM IS A SCAM! They will "print" infinite number of coins!

in steem •  8 years ago 

This is known. You're not supposed to hold Steem for purposes other than providing short term liquidity (and short term speculation if you so wish). Anyone who has read the whitepaper is perfectly aware of this. Incidentally it is only the virtual supply which doubles every year, the liquid supply will likely vary quite a bit with market conditions.

The coin will be redenominated such that it stays practical even with a high level of inflation.

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