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RE: 2018 - 2019: Year-End Review
There needs to be a revival of the promotion function that burns steem.
We printed to much steem this year, almost in excess of the whole of 2019.
Any solution needs to take burning steem as incentive in consideration.
We did?
It should be around this for end 2019 : 324,458,952 STEEM but it is as of today : 323,192,941 STEEM.
So for next year we get a lower inflation rate but against a higher virtual supply.
But isn’t that just an artifact of the current price against the debt?
Yes it is, and it is staying with us for a long time, compounding like a front-runner, I think it's manageable but for content creators it means, higher inflation than expected. Maybe dilution is the better word.