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RE: Steemonomics: thoughts on the inflation pool
Yes. But if Steemit remains as a social media platform, people using it should not have to be paying too much for Steem to join. Otherwise they will just not be part of it. So this would translate into a Steem price that is not excessive. At the same time, with more users and lower rewards, I can only see people making blog posts who are not in it for the money, or maybe they will use it as a marketing tool to get people to go to their personal websites etc
Users won't pay at all the majority of the time I would say. There are many, many ways to realise and leverage value of a large, engaged community and the applications are going to approach this in many different ways. This is not just a blogging site.