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Topic: Steemit how can this thing be workable long term? - page 40. (Read 32368 times)

legendary
Activity: 2968
Merit: 1198
steem token holder are not relevant here because they aren't really the one causing the hyperinflation

Who said anything about "who is causing the inflation"? you asked a question and you got the answer!

Next question please!

Yes inflation is the topic not sure about your question tho

No one including you has been able to answer my initial question which is why im still here

Explain how holding powered steem would protect you from hyperinflation ?

It was answered. In the example there is a 30% increase in the money supply yet you received an 80% increase in your holdings. You more than made up for lost purchasing power. Yes there is hyperinflation but you are not harmed by it, unless the mere fact of nominal hyperinflation bothers you as a religious conviction. Shrug.


The example does not reflect how the steem system works.  Steem money supply increase by 100% per year . How do you come up with 30%?

It was 30% in the example given. That's how I came up with 30%. Let's make a new example:

You have 10 coins, I have 10 coins.

Over a hypothetical year, the system creates 2 coins to pay for something. The system also creates 18 more coins to give to you as antidilution (or alternately, inflation protection). The money supply has now doubled (100% inflation, just like Steem). Prices have on average doubled due to this hyperinflation.

You now have 28 coins. Meaning almost 3x what you had before. Even though prices have doubled, you are better off.

The loser here is me, I had 10 coins before and I have 10 coins now, so my purchasing power has been cut in half.

legendary
Activity: 910
Merit: 1000
says the one with a bigass steem signature  ... wonder who the troll really is..

I'm sorry If you think that I robbed you of your title!  Cheesy Cheesy
hero member
Activity: 679
Merit: 500
You are not that dump after all!  Smiley

There is hope for you!  Wink

you on the other hand really are dumb, you think that promoting steem will make you richer when in fact it will do the exact opposite long term

I don't promote STEEM, I'm having fun fighting a fellow Troll, I'm disapointed that you don't feel the same.  Sad

says the one with a bigass steem signature  ... wonder who the troll really is..
legendary
Activity: 910
Merit: 1000
You are not that dump after all!  Smiley

There is hope for you!  Wink

you on the other hand really are dumb, you think that promoting steem will make you richer when in fact it will do the exact opposite long term

I don't promote STEEM, I'm having fun fighting a fellow Troll, I'm disapointed that you don't feel the same.  Sad
hero member
Activity: 679
Merit: 500
You are not that dump after all!  Smiley

There is hope for you!  Wink

you on the other hand really are dumb, you think that promoting steem will make you richer when in fact it will do the exact opposite long term
legendary
Activity: 910
Merit: 1000
You are not that dump after all!  Smiley

There is hope for you!  Wink
hero member
Activity: 679
Merit: 500
Yes, runaway!  Grin

no wonder why you want me to runaway

chryspano's wallet
BALANCES
STEEM
Steem, tradeable tokens that may be transferred at anytime.
0.000 STEEM
STEEM POWER
Steem Power, influence tokens that earn more power for holding long term and voting on posts. The more one holds the more one can influence other’s rewards and earn rewards for accurate voting.
18,037.836 STEEM
STEEM DOLLARS
Tokens worth about $1.00 of Steem.
$145.465
Estimated Value
$11,220.70


good luck when the house of cards come crashing down lol
legendary
Activity: 910
Merit: 1000
Yes, runaway!  Grin
hero member
Activity: 679
Merit: 500
steem token holder are not relevant here because they aren't really the one causing the hyperinflation

Who said anything about "who is causing the inflation"? you asked a question and you got the answer!

Next question please!

Yes inflation is the topic not sure about your question tho

No one including you has been able to answer my initial question which is why im still here

Explain how holding powered steem would protect you from hyperinflation ?

Read the 2nd comment from Dan. Then maybe look at the White Paper.

https://steemit.com/steem/@arkanaprotego/why-would-anyone-invest-into-steem-if-it-is-so-inflationary

I have read the white paper which basically says that they will solve inflation by more inflation.,
legendary
Activity: 910
Merit: 1000
do i need to say more...lol

Better, not!  Cheesy
hero member
Activity: 679
Merit: 500



Explain how holding powered steem would protect you from hyperinflation ?
I have already done that, as well as many others have done before me, if you still don't get it then please read this messy thread you created again.  Smiley

Where is your post answering the above question?

It would be really rude of me to answer this question, believe me.  Grin Grin Grin

do i need to say more...lol
legendary
Activity: 910
Merit: 1000



Explain how holding powered steem would protect you from hyperinflation ?
I have already done that, as well as many others have done before me, if you still don't get it then please read this messy thread you created again.  Smiley

Where is your post answering the above question?

It would be really rude of me to answer this question, believe me.  Grin Grin Grin
hero member
Activity: 679
Merit: 500



Explain how holding powered steem would protect you from hyperinflation ?
I have already done that, as well as many others have done before me, if you still don't get it then please read this messy thread you created again.  Smiley

Where is your post answering the above question?
hero member
Activity: 679
Merit: 500
Three against a troll, I think this is not fair!  Grin Grin

Anyway...

resort to name calling
hero member
Activity: 679
Merit: 500
steem token holder are not relevant here because they aren't really the one causing the hyperinflation

Who said anything about "who is causing the inflation"? you asked a question and you got the answer!

Next question please!

Yes inflation is the topic not sure about your question tho

No one including you has been able to answer my initial question which is why im still here

Explain how holding powered steem would protect you from hyperinflation ?

It was answered. In the example there is a 30% increase in the money supply yet you received an 80% increase in your holdings. You more than made up for lost purchasing power. Yes there is hyperinflation but you are not harmed by it, unless the mere fact of nominal hyperinflation bothers you as a religious conviction. Shrug.


The example does not reflect how the steem system works.  Steem money supply increase by 100% per year . How do you come up with 30%? You cannot include steem holder in your calculation because 90% of supply goes to steem power holders. The problem is that those extra coins will create even more sell pressure which in turns will lower the price even more. Basically they try to solve a problem ( how to compensate steem power holders) with what created the problem in the first place.( inflation)

Man i am just trying to figure out how this thing can be sustainable long term as i want to invest in it, you can check my post i am an investor
legendary
Activity: 910
Merit: 1000
Three against a troll, I think this is not fair!  Grin Grin

Anyway...
legendary
Activity: 910
Merit: 1000
Yes inflation is the topic not sure about your question tho
I'm not surprised


No one including you has been able to answer my initial question which is why im still here
This is a lie but you are free to believe whatever you want.


Explain how holding powered steem would protect you from hyperinflation ?
I have already done that, as well as many others have done before me, if you still don't get it then please read this messy thread you created again.  Smiley
legendary
Activity: 1588
Merit: 1000
steem token holder are not relevant here because they aren't really the one causing the hyperinflation

Who said anything about "who is causing the inflation"? you asked a question and you got the answer!

Next question please!

Yes inflation is the topic not sure about your question tho

No one including you has been able to answer my initial question which is why im still here

Explain how holding powered steem would protect you from hyperinflation ?

Read the 2nd comment from Dan. Then maybe look at the White Paper.

https://steemit.com/steem/@arkanaprotego/why-would-anyone-invest-into-steem-if-it-is-so-inflationary
legendary
Activity: 2968
Merit: 1198
steem token holder are not relevant here because they aren't really the one causing the hyperinflation

Who said anything about "who is causing the inflation"? you asked a question and you got the answer!

Next question please!

Yes inflation is the topic not sure about your question tho

No one including you has been able to answer my initial question which is why im still here

Explain how holding powered steem would protect you from hyperinflation ?

It was answered. In the example there is a 30% increase in the money supply yet you received an 80% increase in your holdings. You more than made up for lost purchasing power. Yes there is hyperinflation but you are not harmed by it, unless the mere fact of nominal hyperinflation bothers you as a religious conviction. Shrug.
legendary
Activity: 910
Merit: 1000
The example you gave was in response to what i said : "I don't see how creating an extra 9 steem out of thin air to compensate for a dropping steem price does anything to solve hyperinflation, it actually makes it a lot worse."

how are steem holders that have not powered up  any relevant in this discussion?

Your were so confused that that you needed to understand this simple fact...
 
If you have STEEM you are not protected from "hyperinflation" if you have powered up to STEEM POWER you are protected from hyperinflation, as simple as that.

You din't even knew the simple differences between STEEM and STEEM POWER. I think we are making some slow, but good progress. Wink
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