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RE: 1 Year On SCORUM (My Thoughts .... STEEM, WhalesShares ...etc)

in #scorum5 years ago

I've tried a lot of the other clones but never wanted to leave steem. I just see so much potential here and can see all of the other projects being build that will give it value in the long run.

There does need to be more external money brought into the system and steem.inc have started to do that which is great. They are also looking to help projects that will burn steem and market externally to bring more eyes onto steem. I wouldn't worry too much about the inflation as it's going down every year and there really isn't that much steem out there if we see a few million dollars thrown at the token. One good smt could get a lot of people interested in the token.

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Well in the last year the effective inflation rate of STEEM was over 17% because of the price situation with STEEM Backed Dollars. It would be a long time before the inflation rate was as low as it is with Bitcoin or Litecoin currently. That is my worry and it is so much easier in a lot of respects to get STEEM than it is to get Bitcoin or Litecoin without spending a bunch of money on electricity for mining in the normal sense.

Steem certainly has the first movers advantage on this type of blockchain blogging platform and the most liquidity. Most of them can't ever get to a point where there is enough liquidity in the system.