Quote from: iamnotback on July 14, 2016, 10:48:04 PM

Quote from: magicalacademy on July 14, 2016, 10:45:13 PM

Quote from: wintercooled on July 14, 2016, 08:53:12 PM

Quote from: smooth on July 14, 2016, 07:11:09 AM

Quote from: albert11 on July 14, 2016, 04:21:53 AM

I ll tell you in a simple way why it does not protect you.

When you inject more steem into the system it makes your money worth less

No it does not, and this is the source of your confusion.

Let's use another example here. I have 10 coins, you have 10 coins. Now we create 20 coins out of thin air (100% inflation!) and give you 10 and me 10. Has anything changed here? No.

As I said earlier, this is a stock split dynamic, and does not change anyone's purchasing power, despite that scary "Inflation!" word.

Steem is a little bit more complicated than this, but not much. Until you understand how stock splits work and why the "inflation" created by stock splits is only an accounting adjustment and has no economic relevance, you will never understand Steem.

What's the benefit of having multiple account's with Steemit and transferring Steem Power between accounts ?

E.G. https://steemit.com/@smooth , @smooth-a, @smooth-b, @smooth-c, @smooth-d, @smooth-e, @smooth.witness?

Smooth seems to have found a way to game the system

Look at his balance https://steemit.com/@smooth/transfers

He already owns $ 5 Millions at today's market price. Insane.

He acquired nearly 1% back during the "sneaky mine" phase. You can understand why he wasn't willing to attack this coin the way he normally attacks pump and dump scams. That $millions bought his "I am not omniscient about the potential future not being a disaster" attitude.

Wow! Do you think he would jump of a bridge for steems?