Usually, this inflation is being redirected to stakeholders, those owning the tokens.
This above means that in theory ones stake increases to counteract the loss of value over time. As I understand it?
In the case of Steem though, more than 50% of the inflation is going to people who not necessarily have a stake in Steem (authors) via voting.
Can this statement above be correct because in order to post (authors) on steemit etc.
A user must have some steem vested and resource credits? Unless I am missing something?
Stakeholders do get a small part of the inflation; 15%, but which is still not a lot.
Is 15% enough to counter the inflation?
You are right in respect that all the fiat based economic systems try to reduce inflation to single figures in order to maintain a currency's buying power.
One way is by controlling interest rates or allowing mass unemployment. (See Phillips Curve)
It hasn't worked out that way for many reasons one of which was the printing of trillions of dollars/pounds (quantitative easing) and pumping said funds into one market in particular - housing.
This has destroyed the housing market and created huge inflation that isn't shown in the cpi index.
In 2017 the broken peg on SBD's was a wake up call.
Creating new tokens whilst a good idea if they have an MVP with a good use case isn't going to help if there value is tied to the steem price unless the new tokens mirror the inflation rate of steem.
Steem is inherently unstable. SBD's were supposed to be the stable token?
Interesting post. It is a good debate to have before the June hardfork where who knows what is going to change.
On that point. The current (old chestnut) curation rewards debate is ongoing with some people calling for 50/50 or 60/40 split between authors and curators.
Basically the same split as with other centralised content platforms except on those platforms the author gets ad revenue and affiliate sales options. Which authors don't get on the steem Dapps.
If we reduce author rewards we will lose authors. The good authors that is.
As a vested author myself I can't help but think this whole curation chat is just another distraction.
Want to know a good authors think?
No man but a blockhead ever wrote except for money.
Samuel Johnson (1709 - 1748)
Timewise based on past history It will be well over a year before this could be incorporated.
If agreed upon first of course?