Quote from: CoinHoarder on July 14, 2016, 08:47:12 PM

Quote from: wintercooled on July 14, 2016, 08:30:20 PM

Quote from: albert11 on July 14, 2016, 07:26:08 PM

Quote from: CoinHoarder on July 14, 2016, 07:23:20 PM

Quote from: albert11 on July 14, 2016, 07:17:40 PM

Prove me wrong then , why do people buy steem other than to speculate?

To get more sway and profit in content curation, genius.

No one cares about voting power, all they care about is increasing their steem stash which is speculation.

Albert11 - I think you are wasting your time using reason and logic with these guys to be honest. Fair play to you for sticking at it though.

Steemit has a lot of 'early adopters' who's posts consist mostly of talking about how great Steemit is, how much they have made and how people should get into it by buying Steem/Steem Power, thereby boosting the 'value' of what the early adopters have already invested - be that Bitcoin or time, which kind of seems a bit like a Pyramid shaped return on investment model to me ;-)

I am not an early adopter actually. I just started using Steemit 6 days ago: https://steemit.com/@coinhoarder

I don't care if people buy Steem or not. In fact, I suggest that you don't.... I sure didn't buy any STEEM.

I made posts and upvoted posts to earn what I have in my account, and I suggest you guys do the same too. It is easy money... I made about $115 so far.

Anyways, Albert is clueless and spreading FUD. I get angry when people spread FUD and refute their points. His point has been refuted about 100 times already ITT.

If he would be reasonable about what he criticizes Steem about, then I would acknowledge his points. There are at least a few very valid criticisms of Steem, but he is not arguing for any of them.

I am very reasonable only you don't have the answers to my question so you resort to name and FUD calling.

My concerns are very valid.

Inflation created to compensate steem power holders will drive the price down long term as there is no demand for steem, people use steem to get free money not to spend their hard earn cash on

This means that the 10% inflation to pay for rewards will have to increase as the price of steem go down and as contents,upvote,posts.etc.. that needs to be paid grows every day.

How do you answer to this hyperinflation issue? nobody in this thread gave me a real answer other than you solve this by created more of it, go read the whitepaper or go see a doctor.