Viewing a response to: @tinfoilfedora/re-officialfuzzy-steem-economic-changes-update-officialfuzzy-s-thoughts-and-concerns-20161108t205819200z
>This latest proposed change essentially takes everyones investment in a 2 year bond at #% interest, and tuns it into a 3 month CD with less interest. The only interest on the platform is from Steem dollar. Steem power 2 year contract doesn't give any interest at all, you actually lose money when powered up. >Why do you think Bitshares is worth less than half a cent... Because the supply is huge which mean each unit is pretty much worthless, something that is bound to happen to steem if inflation changes aren't done.
| author | snowflake |
|---|---|
| permlink | re-tinfoilfedora-re-officialfuzzy-steem-economic-changes-update-officialfuzzy-s-thoughts-and-concerns-20161108t224114400z |
| category | steem |
| json_metadata | {"tags":["steem"]} |
| created | 2016-11-08 22:41:15 |
| last_update | 2016-11-08 22:42:06 |
| depth | 2 |
| children | 2 |
| last_payout | 2016-12-09 11:10:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 525 |
| author_reputation | 33,312,252,512,655 |
| root_title | "STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 1,726,210 |
| net_rshares | 0 |
This could be done by creating innovative services that require users to burn steem. Or other ways. Again, why do surgery on a patient thst is not proven to need it yet? Especially when there are other tools?
| author | officialfuzzy |
|---|---|
| permlink | re-snowflake-re-tinfoilfedora-re-officialfuzzy-steem-economic-changes-update-officialfuzzy-s-thoughts-and-concerns-20161108t225049351z |
| category | steem |
| json_metadata | {"tags":["steem"]} |
| created | 2016-11-08 22:50:57 |
| last_update | 2016-11-08 22:50:57 |
| depth | 3 |
| children | 1 |
| last_payout | 2016-12-09 11:10:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 208 |
| author_reputation | 386,160,910,642,701 |
| root_title | "STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 1,726,293 |
| net_rshares | 0 |
>Again, why do surgery on a patient thst is not proven to need it yet? That's exactly the current set up you described there. Steemit inflation has absolutely no purpose and the 2 year lock period was created to prevent the hyper inflated steem ( which is completely unnecessary) from being dumped. So essentially now we have a system trying to fix problems that don't exist.
| author | snowflake |
|---|---|
| permlink | re-officialfuzzy-re-snowflake-re-tinfoilfedora-re-officialfuzzy-steem-economic-changes-update-officialfuzzy-s-thoughts-and-concerns-20161108t234843500z |
| category | steem |
| json_metadata | {"tags":["steem"]} |
| created | 2016-11-08 23:48:45 |
| last_update | 2016-11-08 23:48:45 |
| depth | 4 |
| children | 0 |
| last_payout | 2016-12-09 11:10:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 376 |
| author_reputation | 33,312,252,512,655 |
| root_title | "STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 1,726,708 |
| net_rshares | 0 |
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