You are forgetting that every three years the total number of steem is reverse split 10:1.
RE: If you have over 2500 SP, you can retire*
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If you have over 2500 SP, you can retire*
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That doesn't change what I'm saying in the least. Your 1 steem becomes 0.1 steem. It's still worth the same; getting less and less as time goes on (assuming the marketcap stays the same)
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It does because you are assuming the market cap grows exponentally when it very much does not. Steem is not exponentially inflationary.
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Hmmm....
Does this mean that we can mitigate that quantitative loss
by just buying/selling just before it's occurrence?
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Can you explain that a little more?
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Every three years the total number of steem is reduced and you get back 1 steem for every 10. While the total valuation remains the same. So if you had $300 worth of steem worth 1 dollar pre split you would have steems worth $10 after the split. Just less numbers of them. For more description of this check out the white paper.
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