Peoples worst fear about Steemit, and why it's BS.

A super big whale, not a Steemit sized whale. A world economy sized whale. Or an ultra smart AI buys/earns into Steemit such that its SteemPower is enough to "mine out" Steem by blogging and getting paid so much so fast, then dumping over and over again at any price. Because the price of Steem does not matter when you earn it blogging, you simply get more Steem if the price is low. Leaving everyone else watching the value of their Steem drop to nothing. This would be a valid concern if the rate at which Steem is "mined" was not fixed. The number of Steem being created everyday is not affected by how much UpVoting is going on AT ALL. World governments can increase and decrease inflation as they see fit. In crypto-currency , this is not possible. The community could, and would revolt. The inflation rate of Steem per year is 100%(x2) whether one person is being paid all newly mined Steem or it's shared evenly among every user. The amount of buy strength in the Market determines the price of Steem. and NOTHING ELSE at the end of the day. That buy strength can be affected by user confidence of-course. It can also be affected by whales, and AI. People holding Steem and SP also affects the price because it takes coins out of circulation but you get my point. Don't worry blog on.