Well, Steem inflates at about the same rate as Bitcoin (for Bitcoin's first 8 years.)

Steemit has 8 years to figure out a better plan.

I proposed a method to reduce or negate inflation, and there are others as well.

https://steemit.com/sip/@coinhoarder/steem-proposal-offsetting-steem-power-debasement-through-unobtrusive-advertisements#@coinhoarder/re-blakemiles84-re-coinhoarder-re-donkeypong-re-coinhoarder-steem-proposal-offsetting-steem-power-debasement-through-unobtrusive-advertisements-20160712t074215888z

So you can read minds now?   

You could argue that buying any cryptocurrency is speculation. The same could be said about Bitcoin.

You asked what uses other than speculation do people have for buying STEEM, and I gave you an answer.

They get more power as to what content gets upvoted, and they also make more money from curating. That is a purpose separate from speculating. You are some kind of dumb.

It is clear you have not read or do not understand the Steem whitepaper.

FUD on brother.

To get more sway and profit in content curation, genius.

No, Bitcoin has not (and will not ever be) deflationary in our life times.

Bitcoin will inflate until approximately the year 2140.

For the first 2 years of Bitcoin’s life the network sustained an annual inflation rate of over 100%.

For the first 5 years it was over 30%, and for the first 8 years it was over 10%.





That is your subjective opinion. Not an objective fact.

I prefer things that exist and work compared to vaporware.

There is a command line client available if they do that. Just save your private keys.

They won't do that though. Their money is locked in as SP and they can only withdraw it in 104 weekly payments over the course of two years. It would be really stupid for them to do that, as the price would crater.

All consensus algorithms have cons. PoW, PoS, etc... by focusing on the shortcomings of anything, I can make it look like a pile of crap. Everything and everyone in existence has shortcomings. Nothing is perfect. Anonymity is fooling himself thinking he can come up with a perfect consensus algorithm, and is definitely fooling himself thinking he can come up with a perfect cryptocurrency.

That is what everyone (including me) said about Ethereum. Truth is no one knows. It is still growing at a very fast rate, so I could see it meeting or surpassing Ethereum. If you compare the two.. there's nothing you can do with Ethereum right now. At least Steemit is functioning.

You know you are doing something right when the sock puppets make fake pump threads to make it look bad, then troll them saying its a scam over and over. Truth is they are just mad their shitcoin wasn't the one that was pumped.

Very well. Have a good night. Go get some sleep!

Thanks for the kind words, but I have wasted enough time here tonight. I am going back to Steemit where I have made $150 with no capital investment. Maybe if you send me $20 in Paypal I will stay and hang out with you?

Not tonight. 2 hours? Are you high or something? I was gone for almost 4 hours.

If you consider Steem as hyperinflating, then I guess you feel the same way about Bitcoin?

Bitcoin's hyperinflation sure has been harmful to everyone. It has risen from $0 to $657. That is super harmful for sure. I feel sorry for all those greater fool n00b (that one was for Anonymint) Bitcoin early adopters.

You think you have, but you haven't. It's called being wrong. Don't get down on yourself... it happens to everyone every now and then!

You are still off base. I am also getting tired of debating someone who thinks he is omniscient yet off on so many factors, but I guess I am getting used to it by now because this is how all of our debates go. Whoever sits at the keyboard longest wins (you).

I will be back later.. I have a date tonight.  

It has been answered for you many times already.

Profitability of mining (bitcoin) is indeed greatly influenced by market cap, just as profitability of contributing (steemit) is influenced by market cap. Have you ever even mined any cryptocurrency in your life? That is pretty basic...

This is not a stronger point. If price falls 90% then so does the profitability of mining (bitcoin). Similarly, if price falls 90% then so does contributing (steemit). They are very similar, yet you deny them being so.

Who are you to decide what people will be happy with? You are not omniscient. Legacy social networks pay them nothing. As long as they are getting paid something they may stay. If some leave, then contribution profits go up for everyone that does stay. Eventually equilibrium is reached. Think of it as being the same as mining difficulty going down on Bitcoin. See my point? The economics of mining with hardware (bitcoin) and mining with contributing (steemit) work in similar ways.

As to your other point, Eastern Europeans making crap posts will not get up voted by westerners that have easily a majority of Steen Power. I don't know how you expect them to take over unless they can somehow post better content, then they would deserve to.

I hate to break it to you, but there is certainly a "point of no return" that Bitcoin could fall to which would crater usership/interest/speculation.

And no, people are not using speculating on Bitcoin with the expectation the market cap or usership will decline.

You are comparing apples, but claiming you are comparing apples and oranges.

This argument is bunk. Mining scales with the market cap just as contribution rewards scales with the market cap. There is no difference.

The usership is not driven by the expectation that the market cap will grow faster than the usership. All it has to do is grow at a similar or slightly slower pace. The payouts are insanely high right now, therefore it is a silly statement to say market cap has to grow at a higher pace than usership, or that there is an expectation that it will do so.

Same with Bitcoin... The usership speculation is driven by the expectation usership and market cap will grow. Not necessarily that one will grow faster than the other.

With a mostly autonomous solution, revenue would not be far off from profit. For instance, I posit the paid advertising proposal I designed will not have any expenses at all (other than ad duration): https://steemit.com/sip/@coinhoarder/steem-proposal-offsetting-steem-power-debasement-through-unobtrusive-advertisements

Even if it is as low as you claim, $10 per user per year is more than anyone is getting on Facebook, Twitter, Instagram, etc.

Your jealousy of Daniel Larimer has never ceased to amaze me. He has pioneered smart contract blockchain technology, and delivered on two cutting edge projects which are in the top 15 of cryptocurrency market capitalization. You have done nothing but troll the Bitcointalk forums (I feel your pain... I am in the same boat  ). You perpetually claim to have solutions to all the "flawed" cryptocurrencies, which according to you all of them are flawed, but are never able to provide any evidence of the said solutions. You are the definition of FUD.

If Bitshares' bitUSD and the Decentralzied Exchange does not have a use case, then why are people using it?  

https://coinmarketcap.com/exchanges/bitshares-asset-exchange/

You can link to some FUD article if you wish to try and prove your point, but I prefer to link to cold hard facts recorded in immutable blockchains.