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RE: Abnormal growth can be be achieved when Inflation and Network Effect forces join together : Steem a Case in Study

in #prameshtyagi6 years ago

Welcome, Very good and extremely well-written article. I will accept as true with you that Steam blockchain is (though I would not say perfect) superb and quite well thought through a system that "combines the powers of inflation and network impact to grow the amount of itself and of these World Health Organization have their stake."

But I am unable to accept as true with you concerning another thing as they're merely not the particular facts.
For instance, "Steam is" NOT "inflation based mostly currency with99% for 1st year, 9.5% for the second year, September 12 for the third year then on."

Although Steam is inflation based mostly currency the inflation rates don't seem to be determined by the number of years passed however by the quantity of latest blocks incidence (or being produced).
In alternative words, and beginning with the arduous fork sixteen in Dec 2016 (as before that the rate of inflation was one hundred and sixtieth per annum - vast difference) yearly rate of inflation has been set to beginning nine.000% that variety is reduced by zero.000% once every 000%%% new blocks being created (created).