Most of you have been here but for those who were not. STEEM started out with 160% inflation and north korea levels of whale dictatorship. Since then the distribution has gotten somewhat better and the inflation rate reduced to 10%
I don't remember at what point the GOLOS fork was made but when they made it. They had learned from Steemits hyper inflation and set ti at 10%. They had learned about concentrating too much power in the hands of too few so the price remained low in GOLOS after launch. Rather than have some Bitcoin whale try to inflate its price for hype during its initial launch. Golos backed gold out does SBD in that it is backed by 1mg of gold. That means the peg can hold and remain valuable even if hyper inflation reaches the USA.
Despite all this GOLOS is worth nearly 17x less than STEEM. It is Just above 1 cent per GOLOS on Bittrex. How many GOLOS exists? Billions? Trillions? Try under 130 million. Scarcity breeds value and with a decentralized social media platform built on its blockchain that is just a bonus.
in Russian GOLOS means VOICE. Use Your's.