NED TALK - Inflation
8 years ago in #ned by fyrstikken (75)
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everyone should come on discord ! :) love it
nice share @fyrstikken good job :D
@fyrstikken says
You nailed it!
excellent post valuable information my friend @ fyrstikken. Congratulations and thank you for spread
by focusing on things like adjustment of Steem you're missing the entire problem that is making your users want to find alternatives. Centralization of power is the problem that continues to plague this platform.
Absolutely!
It's so obvious. But it's going to be hard for them to come up with a real solution. A fork is the only solution i see that would fix the problem in a meaningful way.
I don't have a lot of time to keep uptodate right now, so this might not now be the case, but: the tension between your "Who is TDV" post, particularly it remaining unchallenged with flagging, and the continued upvoting for his posts, has just got to "give". Daylight could enter.
My feeling around community building is that any decentralised community must exist across several platforms: there will always be mods, or server-admins of one kind and another, or even just any self-censorship resulting from the upvote system, and independence from this could be found by using a number of different points of interaction.
It's a complicated set of problems.
Maybe I am mistaken but It seems like Ned wants to reduce the inflation but wants to keep the 2 year lock time period. The only reason a few people lock their coins for 2 years is that it is currently the only way to invest in steem without taking the crazy inflation. If you allow people to invest in steem with only 10% inflation even less people would want to lock their steem for 2 years.
Locking people's coins is as bad as the inflation, inflation currently is a barrier to invest and the lock time period is a barrier to participate ( curate) both are bad for adoption.
Steemit should reduce this period as much as possible. The idea that locking people's money will force them to stick around is totally wrong. If you want them to stick around increase their investment,increase the rewards on the platform, to achieve this you need to reduce significantly both inflation and lock time period.
Also a shorter lock time period will allow for a much faster redistribution of power
Hi @fyrstikken, I just stopped back to let you know your post was one of my favourite reads today and I included it in my Steemit Ramble. You can read what I wrote about your post here.
Been with 1Broker f0r a little over a year now and I love the new upgrade. Easiest Bitcoin trading platform out now, love it!
Love Steemit as well ;)
Listening now .. Just had to say that NED TALK branding is genius nice work :) ReSteemed
NEDx would of been funny
I need to hear or read in sub Spanish :c
Great post, brother!
I loved everything but I think you had the reverb a tad too high. Other than that this was gold.
Can't wait until the next one.
(Genius branding of the post).
The music in background and linear tone make the whole thing feel like some background chatter, gave up after I realized for the third time that I had stopped listening. Audio podcasts are too underwhelming for doing only that, so if not made very dynamic, it's easy to start focusing more on the other things you are doing while listening to it. Anyway, upvoted for the witty pun in the title. Looking forward for the NEDx series :)
Great to hear, also the rest of NED talk that fits right in there. More control over the ₷teem creation, as blockchain parameters.
I'll keep my ₷P where it is and let it grow further.
Attention market, here we are!
Good discussion, thanks fyrstikken and company
Great discussion. I love the conversations around reducing inflation and introducing advertising. Any ideas on the timeframes for the implementation of these ideas?
The longer they print the harder it will be to get a high steem price. Rewards are based on the price of steem which means that the more coins are being issued the more difficult it will be to increase rewards on the platform in the future. Hopefully witnesses understand this and that reducing inflation will attract many new buyers and will make their stash a lot more valuable than it is now.
yes, will take at last 2 months for any changes to implement, that's perfect for me
that reverb though, combined with the noise reduction post processing...
"...buckets of Steem..."
Awesome!
Great discussion, @Ned! My main takeaway is that Steemit is its own living organism that can adapt and evolve over time to what makes sense. Massive STEEM inflation is probably one of our biggest issues, but the community will solve it. I also agree with @snowflake that the 2 year lock-in period should also be evaluated, but cutting inflation should be priority #1.
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DAILY STEEM REPORT NOVEMBER, 3RD by @elyaque
Nov 2 - Steemit Ramble #44 - Don't You Hate it When You Miss Good Posts? by @shadowspub
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There is tons of utility in crypto's! Audits, currency, transfer of ownership etc.