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RE: There Are Far More Inflationary Cryptos In The Jungle Than STEEM
Well thats a point... of course the inflation in the ideal environment for STEEM is a necessity, otherwise nobody would vest their liquid token and it would be highly volatile. But as we see, people can power down. They power-down when either the platform cant be used normal (flags, idiots, censorship, fascists, no communication) OR if the price drops. Both things are interdependent. Idiotic rules and idiotic behavior enhances powerdowns --> price drops --> more powerdowns --> price drops further --> ... and then inflation no matter what rank, is fuel to the fire (because holding liquid STEEM is punished by design)