Post
Topic
Board Altcoin Discussion
Re: Steemit how can this thing be workable long term?
by
CoinHoarder
on 14/07/2016, 21:47:23 UTC
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.

You keep moving the goal posts.

First you claimed Steemit long term shareholders were being debased at a ate of 100% per year. You were proven wrong multiple times and played dumb for 5 pages of this thread. We explained multiple times that it is only inflating by approximately 11.11% and you played dumb.

Then you said 11% inflation is "hyperinflation" and unsustainable, and claimed But do in was deflationary. Then I pointed out how much Bitcoin is inflating since its inception, yet done very well for itself. If you consider 10% inflation "hyperinflation" and a doomed crypto, how do you explain Bitcoin going from $0 to over $600? Proven wrong again.

Then you claimed Steen has no use other than speculation. Then you claimed to be a mind reader and all knowing, saying that the only use for buying Steem is speculation. I then pointed out it can be powered up to increase sway and rewards in content creation.  Proven wrong a 3rd time.

Then I explained there are ways to reduce or negate the 11% inflation, which you ignored.