I got a couple of questions about Steem. Does curation on Steem become a burden as an investor?
And, what is a pain point you see that you believe other investors don’t like about Steem?
I do not believe burns and inflation matter that much for Steem at the current moment. Steem inflation has little to do with the price decrease, IMO. We are still mostly all speculation.
Speculation can make a coin 10x, did our inflation really affect our massive bull run? No, I don't think so.
No speculation on a brand-new technology that hardly anyone can understand + a prolonged bear market doesn't make for a good recipe.
Inflation + burns affect the future. That is why I look at DPOS in terms of years not days.
BTC is so high because of the lost BTC = burns. You didn’t need to lower the faucet, doing that could have hurt BTC security. Let the faucet bring in the life and let the sink clear up the excess.
Faucets need to have the right tweaks, as we have done with Steem. I don't know if the current inflation setup we the best have is, but I do think it can work.
The idea would be to build businesses that earn and burn a small % of Steem. The more businesses that opt into burning, the stronger path forward we have. I don't expect individual users to burn Steem (always welcome :) But I would like to see businesses step up. If you have built a business on Steem, then you can see that helping support Steem is ideal for the longevity of your business and the ecosystem.
▶️ 3Speak
