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

in steem •  8 years ago 

Do you know that each year number of STEEM coins will double?

Yes! It will double each YEAR! That means year after year each STEEM coin will be worth less and less.

And eventually it will hit $0!!!

steem
8 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    5 votes
    17
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  8 years ago 

    I think you need to take a closer look at the Steemit Whitepaper

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.51
    • Past Payouts $0.51
    • - Author $0.39
    • - Curators $0.12
    2 votes
    [-]
      ·  8 years ago (edited)

    governments do this since centurys.
    some people call it inflation.
    lesson 1.
    inflation is no indicator of something hitting 0 $

    (also the value of steem isnt directing the value of steemit as a whole)

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.16
    • Past Payouts $0.16
    • - Author $0.16
    • - Curators $0.00
    2 votes
    [-]
      ·  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.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      1 vote
      [-]
        ·  8 years ago 

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        [-]
          ·  5 years ago 

        Congratulations @tereska! You received a personal award!

        Happy Birthday! - You are on the Steem blockchain for 3 years!

        You can view your badges on your Steem Board and compare to others on the Steem Ranking

        Vote for @Steemitboard as a witness to get one more award and increased upvotes!

        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

        • Disagreement on rewards
        • Fraud or plagiarism
        • Hate speech or trolling
        • Miscategorized content or spam

        Submit
        $0.00
          [-]
            ·  8 years ago 

          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

          • Disagreement on rewards
          • Fraud or plagiarism
          • Hate speech or trolling
          • Miscategorized content or spam

          Submit
          $0.00
            [-]
              ·  8 years ago 

            How she do this kind of money? She is famous one or what? Is this because she is a girl? Or she have a huge number of fans? Who is she?

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            $0.00
              [-]
                ·  8 years ago 

              I'm worried because this platform depends on blog authors. If the STEEM will be printed and printed each STEEM will be worth less, so the authors will get less in dollars. And eventually they will go away... and this platform will die...

              Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

              • Disagreement on rewards
              • Fraud or plagiarism
              • Hate speech or trolling
              • Miscategorized content or spam

              Submit
              $0.00
                [-]
                  ·  8 years ago 

                Why? how do you know this? That is a very bold statement with no facts that will in any way back it up. I am not sure that you are right and with all economic issues things will rise and fall.

                Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                • Disagreement on rewards
                • Fraud or plagiarism
                • Hate speech or trolling
                • Miscategorized content or spam

                Submit
                $0.00
                  [-]
                    ·  8 years ago 

                  Read the Steemit Whitepaper:

                  "At first glance, 100% annual increase in the STEEM supply may appear to be
                  hyper-inflationary and unsustainable. [...]"

                  Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                  • Disagreement on rewards
                  • Fraud or plagiarism
                  • Hate speech or trolling
                  • Miscategorized content or spam

                  Submit
                  $0.00
                    [-]
                      ·  8 years ago (edited)

                    Did reading the whitepaper stop at that sentence for you? Because when you keep it in context, it makes a whole heck of a lot more sense:

                    "At first glance, 100% annual increase in the STEEM supply may appear to be
                    hyper-inflationary and unsustainable. Those who follow the Quantity Theory of Money may even conclude that the value of STEEM must fall by approximately 5.6% per month. We know from countless real-world examples that the quantity of money does not have a direct and immediate impact on its value, though it certainly plays a role."

                    "Because 90% of all STEEM created is distributed back to holders of SP, the result is similar to having a 2:1 “split” every year rather true inflation. The total rate of expenditures used to reward contributors is about 10% of the market capitalization per year, a rate well below what Bitcoin sustained for the first 7 years after it launched"

                    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                    • Disagreement on rewards
                    • Fraud or plagiarism
                    • Hate speech or trolling
                    • Miscategorized content or spam

                    Submit
                    $0.00
                      2 votes
                      [-]
                        ·  8 years ago 

                      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                      • Disagreement on rewards
                      • Fraud or plagiarism
                      • Hate speech or trolling
                      • Miscategorized content or spam

                      Submit
                      $0.00
                        2 votes
                        [-]
                          ·  8 years ago (edited)

                        I can understand your concern.

                        However can you provide a more economics backed explanation how this differs from any other government currency or fiat?

                        Or else, fear mongering is unwelcome.

                        Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                        • Disagreement on rewards
                        • Fraud or plagiarism
                        • Hate speech or trolling
                        • Miscategorized content or spam

                        Submit
                        $0.00
                          [-]
                            ·  7 years ago 

                          Congratulations @tereska! You have received a personal award!

                          Happy Birthday - 1 Year
                          Click on the badge to view your own Board of Honor on SteemitBoard.

                          For more information about this award, click here

                          By upvoting this notification, you can help all Steemit users. Learn how here!

                          Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                          • Disagreement on rewards
                          • Fraud or plagiarism
                          • Hate speech or trolling
                          • Miscategorized content or spam

                          Submit
                          $0.00
                            [-]
                              ·  7 years ago 

                            Good discussion point. I was about to start a similair discussion. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. An interesting website I found: https://www.coincheckup.com This site did all the research for you. It's truly amazing.

                            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                            • Disagreement on rewards
                            • Fraud or plagiarism
                            • Hate speech or trolling
                            • Miscategorized content or spam

                            Submit
                            $0.00
                              [-]
                                ·  6 years ago 

                              Congratulations @tereska! You have received a personal award!

                              2 Years on Steemit
                              Click on the badge to view your Board of Honor.

                              Do not miss the last post from @steemitboard:
                              SteemitBoard World Cup Contest - Semi Finals - Day 1

                              Participate in the SteemitBoard World Cup Contest!
                              Collect World Cup badges and win free SBD
                              Support the Gold Sponsors of the contest: @good-karma and @lukestokes

                              Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

                              Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                              • Disagreement on rewards
                              • Fraud or plagiarism
                              • Hate speech or trolling
                              • Miscategorized content or spam

                              Submit
                              $0.00
                                [-]
                                  ·  8 years ago 

                                Read this:
                                https://steemit.com/steem/@onubense/why-you-should-not-invest-in-steem

                                I'm not only one who think this is a SCAM.

                                Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

                                • Disagreement on rewards
                                • Fraud or plagiarism
                                • Hate speech or trolling
                                • Miscategorized content or spam

                                Submit
                                $0.00
                                  1 vote