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RE: Will Mark Zuckerberg (Facebook ) Plan to enter cryptocurrency space destroy STEEMIT.COM ?
I was under the impression that SteemIT payouts are an introductory thing. Will they continue to give payouts ?
And as the SteemIT community increases, more and more SBD and Steem dollars will be generated. This will be very much similar to Fiat currencies. Please correct me if I am wrong on that part. Just want to understand how will Steemit function in future.
Steem reward system will always be there however as many people join then there will be more people to share the reward with ...on the other hand, the value of the rewards you get will increase drastically. Yes steem is an inflationary coin
Thanks for your reply charles1. Inflationary coin, is it a matter of concern ?
Another point is, will greedy scammers or bots be able to bring down such a great project. Payouts will surely attract a lot of greed. It will be interesting to see how Steem counters the greedy scammers.