PRICE WILL CONTINUE DOWNWARD UNLESS WE MAKE A SIMPLE CHANGE

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·@bobsunday·
0.000 HBD
PRICE WILL CONTINUE DOWNWARD UNLESS WE MAKE A SIMPLE CHANGE
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Dan has been quoted - &nbsp;## "There's only 10% effective inflation per annum for Steem Power Holders" &nbsp;</p>
<p>That in itself is not big deal.</p>
<p>But Steem speculators experience **110%** effective inflation.<br>
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# **This is the problem!**<br>
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Because of this asinine inflation rate there can never be a virtuous cycle of growth by speculation like Bitcoin experiences!!! &nbsp;<br>
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Speculation is not evil. &nbsp;Steem apparnetly tries to make a point that price is a function of order book. &nbsp;It is, but at 110% inflation there is so much leakage into the market that price will be almost impossible to sustain in an upward manner.<br>
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Lucky for you guys, I HAVE A SIMPLE SOLUTION!!!!!<br>
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## Change the inflation rates.<br>
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Keep Posting and Witness rewards as they are. &nbsp;Now Drop Steem Power rewards to a new mechanism.<br>
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1. Lock up your Steem (Power Up) and earn 5% per year and get voting rights etc.<br>
2. Knock Power Downs from 104 payments over to two years to 4 payments over 4 weeks.<br>
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If we don't do this this system will never reset in a manner that makes upward price action sustainable.<br>
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Witnesses. Founders. Users. DISCUSS. &nbsp;If you don't make a change like this, then this innovative system is doomed.<br>
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The question is - FORK STEEM to this upgrade? Or FORK STEEM and sharedrop? &nbsp;Only the founders can choose who to sharedrop to according to their license. &nbsp;I suggest the community upgrades THIS chain.<br>
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&nbsp;</p>
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