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RE: Steem - What if we turned off the inflation?

in #steem5 years ago (edited)

What you are saying is not turn off the inflation, it's for steemit Inc to stop selling? Correct? Nothing is being inflated by them selling, the STEEM already exist.

Edit: no, you are saying let's completely break steem. If anything we should get rid of the inflation to steem holders. I don't think this is a good idea.

Give people a reason to buy, and burn steem. Stop giving free steem to SP holders.

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Yes I'm saying completely revamp how steemit.com is set up. Why is it that steemit.com, a supposedly "just another app" on top of steem, receives inflation from the steem protocol? No other app receives that same benefit. History has shown that shuffling the deck chairs around IE curation percentage changes, voting time changes, downvotes etc is all mostly the same... just shuffling deck chairs around on a sinking ship. The inflation level is way too high for the current demand, though that is likely another topic all together as perhaps a dynamic inflation model could work. Revamping the current setup to make steem truly a base layer with everything else built on top makes a lot of sense to me and then you just set the steem economics accordingly.

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