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RE: Steem sinks and raising scarcity
Exactly! With social networks being so large(Reddit, Twitter, Facebook, etc.) 600 million Steem isn’t all that much to go around and an 8.3% inflation is soooo small compared to user growth.
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and the inflation is dropping by 0.5% a year. Once people start making the move from other platforms to earning platforms, it is going to get crowded, and exciting.
Exactly! If we grow big enough at some point scarcity will become a major issue where even 1 Steem could be worth hundreds. In addition to that on a platform like Instagram advertisers will pay thousands for influencers to post. Just imagine what they’ll pay for votes on Steem or even Steem when it means they’ll reach trending/hot and with it millions of people!