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| comment | | "parent_author":"tshering-tamang",<br>"parent_permlink":"re-steemrollin-steem-where-does-the-money-come-from-20160613t120135395z",<br>"author":"jsc",<br>"permlink":"re-tshering-tamang-re-steemrollin-steem-where-does-the-money-come-from-20160619t134326386z",<br>"title":"",<br>"body":"I love the video... I have been giving this some though. Steem differs from Federal reserve notes like this:\n* First and most significant for the long term: Steem does Not charge interest to those that use it. This is not an obvious risk which is a big reason for the scam the video mentions. When you charge interest on every dollar and try to add it up,<br> this is never ending every increasing aks compounding debt! Charging interest on a core asset is a guarantee that that money can never be paid back. Almost instantly and for eternity more money will be owed than is in circulation. This means it will have an out of control never ending dept. This is the scam used by centralized banking.\n* Steem prints money only on behalf of the steem platform using well known and well understood rules. Our chain does not print money to pay anyone royalties. The royalties come from holding assets like Steem or Steem Power in the hopes that it will increase in value. It does not do this to pay \"owners\" or founders just because and for doing nothing. For this reason Steem is like a non-profit. Instead,<br> owners and founders usually do hold shares and reserve the right to sell them.\n* Steem is not a monopoly. Users are not forced to hold it. \n\nFinally (probably a re-cap) .. Dilution is really cool because it is so efficient and seamless. It is the best way I know of to help distribute growth of the platform and share price back out to active users and content providers. So,<br> just buying in and holding and getting very rich can now be offset a little by re-allocating some of those profits to new active users. When you re-allocate you are basically forcing a re-investment. That re-investment can in turn offset the dilution if it triggers growth and demand. That only happens in bull markets,<br> even during the bull markets prepare for the bear markets and make profits by providing content. When you see full circle like this you can simply just average everything. Large movements in price don't mean much it is only the average that matters. Additionally,<br> we have the Steem Dollar where it is undesirable to invest and price stability is needed (to pay others,<br> for base expenses or liabilities,<br> etc). Welcome to self-made entrepreneurship,<br> enjoy the ride!",<br>"json_metadata":" \"tags\":[\"steem\" " |
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