I remember looking at steemit back a month ago, and didn't really understand it, I didn't stay long. Once steemit rose up, I started to notice people in my regular slack channels posting steemit links, and then I started to dive deeper.
I noticed how people were making money, and I learned it was through the blockchain instead of tipping people. I was amazed actually.
I stayed up all night, and decided to go in deep into steemit, I bought a bunch of steem, and waited until the power up was re-enabled to power my steam up, since I learned about the interest I could make. 9 out of 10 steem goes to STEEM Power holders!!!!! :)
I think steem will only grow bigger, but I think 100% inflation seems very high. That's double the amount of coins every year. How can that be sustainable? Does that mean steemit needs to double it's user base, and money invested into STEEM every year?
I have high hopes for steemit, and will continue to be a user of this site, I'm already on here more than other sites. I would like to see the post quality increase though.
Please let me know what you think about the inflation, and how that seems to be not sustainable in the long term, too many coins!