Post
Topic
Board Altcoin Discussion
Re: Steemit how can this thing be workable long term?
by
iamnotback
on 14/07/2016, 02:04:14 UTC
SD or STEEM Dollars protect you from STEEM hyperinflation silly.

Not really. That is a gimmick in the design attempting to fool you.

The SP are debased at 10%, but the main tokens at 100%. But the problem is the SP may also fall in exchange value due to the 100% debasement of the main tokens. You can't have everyone move to SP and still debase what is left at 100% and not also effectively debase the SP at 100%. Mathematically impossible.

Just wait until people have started to figure out how to game this system.