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> Now, this sounds kind of pyramid-y Unlimited money creation is never sustainable, history shows. An online attention coin can't change economics. The future
by synctext 9y ago
> Now, this sounds kind of pyramid-y
Unlimited money creation is never sustainable, history shows. An online attention coin can't change economics. The future of television probably is not build on a high inflation economy or destructive hyperinflation.
https://scholar.google.com/scholar?q=high+inflation+~economy https://scholar.google.com/scholar?q=high+inflation+~economy
- DennisP 9y agoIt sounds like they're not trying to create general-purpose money. They've made a token to track influence. They use inflation so old stored influence loses half its value every year. You can't rest on your laurels, if you want influence you have to have provided value recently.
- truthforce 9y agoYou are completely wrong, and the above people, about steem doubling every year for the total amount, it only increases by something like less than 10% per year.You or someone above you linked an article from 2016 that has very outdated information. I figured people here might actually do any amount of research instead of just saying vague statements like "resting on your laurels". You have no idea what you are commenting on because it is 2 year old information, but you are acting like an expert. Pathetic.
- erikig 9y agoI’ve been a fan of half-life based ratings/reviews because they allow improvement by increasing the weight of recent input - this feels somewhat similar.