Loved it! I shared it on twitter and hope many other bitcoiners who don't wanna give Steemit a minute of their day.

The rate of inflation and the way it goes back one digit once every 3.5 years, is good the way it is now in my opinion. If someone wants out, they can divest and it will take 2 years. While at the same time curating and posting. With adoption and more users it won't matter much how the inflation is, cause its gonna be better than many other "real/fiat" currencies.

I suggest the managers of steemit should experiment on control and see how the market reacts.

nice post

@andrarchy Everything you post is Gold!  Actually it is better than gold.  STEEM!

That was a very good and clear video.  I learned a lot about STEEMPOWER and inflation.  It is true that the system is designed too support the people who would rather have STEEMPOWER more than anything else! Therefore most steem will keep rolling back into STEEMPOWER as an accounting entry mainly, meaning that 90% of that steem may never hit the market!

very entertaining, I laughed several times, great video :)

Nice well out thought.   If you have this stuff included in written form include that with your videos if you have time.   I prefer to read, I am much faster at that.   Some people definitely prefer videos though and you are very good at emoting while making a video so I wouldn't stop doing that.

Good job on the topic.  I am not one of those you needed to convince, but I still listened to it in it's entirety.

Very nice video!

From an other point of view, inflation is not a problem as far as the population using steem increases.

For example if the population using dollars should double, then double circulating dollars would be needed, otherwise the value of dollar would double (but this leads to deflation, that is a problem because when people expects deflation in the future than is not willing to spend the currency in the present).

On one thing we still do not agree: I actually believe that Steem is a currency, and that over time a market using Steem will evolve from Steemit. Maybe it is also in the plans of the founders, if I didn't misunderstand.

Inflation is everywhere.
It is not only in money, you can actually see this thing everywhere.
It is very simple.Only one thing can end the inflation. If no more resources/products will be produced/gained , because the fluctuating amount of resource overall, depends on its price, and also inflation depends on that too.

Reality vs Religious dogma? Great point! Looking forward to future developments and where still will be! Cheers mate!

Wow! such information. Followed!

Yes thank you that helped, hopefully one day I have some steem.

What a concept? Great post, and I didn't tire my eyes with reading it!! Thank you for sharing.

The main issue skeptics I've talked to about the Steem money supply is not the rate of inflation, but the fact that the money supply is infinite. This means that Steem lacks one of the important characteristics of money: scarcity (see [here](https://medium.com/@ntmoney/what-is-good-money-ae3385cf7633#.pstba3vp8) for more on the scarcity of bitcoin). Digital scarcity is the problem that Satoshi's proof-of-work consensus solved and the primary reason Bitcoin has emerged as an attractive store of value to people around the world. Steem fundamentally does not possess digital scarcity. 

That's not to say that a predictable but infinite money supply does not have a place in the world. It could very well be that a predictable but infinite money supply is better than an unpredictable but infinite (all fiat currencies). But this is the most important thing about money supply to acknowledge and it's why most Bitcoin maximalists are skeptical of Steem.

Yes! That did help. A lot to think about here, thank you @andrarchy.

thankfully  i personally haven't come across any sceptics who know anything about cryptocurrencies but will send them to this video if i meet them.

Mind blowing video! The system was created from the very beginning for steempower to be where the actual value of steem is stored. This post sums that up beautifully. Easy upvote.

Nice video, good point of view.

About to get to the whitepaper, but a note about "inflation."
In the normal parlance, it means price inflation... which in the Steem locale would mean how many Stem does it take to buy one steem dollar to reward a post or comment (use for other purposes is not material to the Steem ecosystem.)
But, the economic definition of inflation is inflation of the money supply, which is the minted Steem. If this has a distribution which is not 100% matching to existing ownership stake, then it will neccesarily steal purchasing power from some to distribute to others; in the Steem community, this is stealing a bit from the existing Steem holders value to recompense the community rewards program. Which, I believe, is the actual intent.

So, yes, the Steem community rewards program's funding is inflationary, but this is clearly the intent of the system creators.

Now, economicaly, what does a rational actor do in an inflationary regime? cashes out to a store of purchasing power with lower inflation, then come back and get more of the inflationary stuff later if they need it - Time Arbitrage.
Now, no one has set up a Steem options market, or a Steem lending bank, or anything else to make a robust currency out of the Steem Dollar. Steem Dollars buy Steem, and vice-versa; translation to other currencies is completely instant market-based - a volatile situation at best. If Steem becomes a noxious place, the Steem Demand will drop fast and the value of a Steem Dollar go to nothing.

Next point: the Steem Power = cares about Steem.com argument.
You claim the one is the other, because that is the case now. But lets say I have an expectation that Steem Power will pay out its percentage of the Steem created, as per the model. This means you can easily set up a static Steem dividend stream, using your 100,000 SP as a basis.  Even if  you never do anything for the community. If you find your stake seems less valuable, sell off less SP per payout.