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RE: Charlie Lees loses bet to Roger Ver

in #bitcoin5 years ago
Ok no worries you look at "schedules" I'll look at reality just over a  year ago had steem worth over 350$ worth about $30 now 

"Inflation-. It is the constant rise in the general level of prices where a unit of currency buys less than it did in prior periods."

Yes u are right if u look at steem on its own rather than as part of global economy guess u could call it depreciation instead of inflation doesn't make your steem worth any more though

"A rose by any other name would smell as sweet"
-William Shakespeare-

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I get what you meant now. In this space when people talk about inflation they are referring to the issuance of new tokens as a percentage of the total supply not the market value.

If you compare the current value to the all time high all crypto is down between 75% and 99%. But if you to compare to the all time lows steem is up 71%. I guess it depends on what your starting point is.

Ye Tell me about the price drop :)
I left for a new happy off grid life January 2018 with all my savings in crypto, guess how that went? :)