Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
iamnotback
on 21/11/2016, 00:49:56 UTC
The whole point of the long power down period was to prevent the hyper inflated steem from being dumped on the market.

Now they will reduce the inflation down a lot and gradually decrease inflation over the years which will make the token scarce so there is really no point to lock people for 2 years. You guys seem worried now that the price is going to crash but when it went from $4 to $0.1 didn't seem worried at all lol

But the prior inflation is going to released all at once on all of us.

You can't simply erase what was already inflated all at once. Too many people holding tokens which they got for nearly free. No investment case. Dumping, dumping, dumping clusterfuckfest coming.

Auroracoin is good example of what will happen.