Quote from: smooth on October 24, 2016, 12:49:18 AM

Quote from: snowflake43 on October 23, 2016, 11:59:13 PM

Also as Dan said it is only a psychologic incentive because in reality you don't get any benefit from locking up your steem power. (not suffering from inflation is not a benefit)

I agree with this. But, still, you don't suffer from the inflation. So you have a position that is basically a fair bet on the platform like any other crypto token that isn't hyper-inflationary. A forced long-term position, but still a viable position potentially.

I'll definitely bring your idees to the attention of the devs if I ever have the opportunity to discuss this sort of thing with them. Understandably there isn't generally a large appetite for major changes, but the more their ideas are apparently rejected by the markets the more there could be some receptivity. Maybe (in fact there is often a tendency to dismiss short term price movements as not indicative of much of anything, and there is a lot of validity to that).

It is not a fair bet to traders because as you say it is a "forced" position, traders have to lock their steem and this is the worst thing for a speculators. There is no way to speculate on steem without getting hit by the inflation which is why traders are not buying it.

What matters to people is the value of their account, which is why I think the growing steem balance is not having the intended effect anyway, at least not for smart traders/investors.

>there isn't generally a large appetite for major changes

When the price hits 0.001$ they will probably reconsider, they will have nothing to lose at that point. A very low price is where we are heading and it's not going to go back up because many people have already powered down in anticipation to the next rise. That's what happens when you inflate a currency so much no one wants to hold it.

>I'll definitely bring your idees to the attention of the devs if I ever have the opportunity to discuss this sort of thing with them

Thank you