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RE: The reason of steem losing its value
It will change! The price depends directly on the Steem price. The higher the Steem price the higher your upvote will be. And the price will go up.
It will change! The price depends directly on the Steem price. The higher the Steem price the higher your upvote will be. And the price will go up.
But this way , more and more steem dollars will be created there will be no end to this ?
Correct there is a planned inflation of currently 9.x% yearly. It will go down in the next years. I can't really say what happens with all the Steem Dollars because the are pegged to the US Dollar. Imnteresting topic to read into. What happens with all the Steem Dollars? I heard that it is good to burn them with promoting posts because that destroys them. But I don't want to use the promote function because I think it doesn't help at all.