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RE: PoB is not Happening Here [/fullstop]

in #palnetlast year

I am honestly with the idea of completely removing the reward pool to keep the native coin safe, and only pairing the concept with SMTs (leaving it to the choice of POs).


Thank you for your feedback @dr-frankenstein, I'd have to put some thought into that. I can't say that I necessarily agree, hopefully, SMT's are all they're cracked up to be. However, I have a feeling their inception was predicated on a belief that steem would continue to maintain value over 10 USD. Now that we all know, this is probably not going to be the case, to further fractionalize the steem ecosystem with sub-communities based on alt-tokens will probably be hit and miss at best.

Even the ones that do hit--they may end up being less likely to surpass the value of steem itself. That said, isn't it true that by trying to protect steem in deferring to SMTs, you'll end up killing the market activity of the steem token? If you kill the market for steem, no one will be buying. If no one is buying, then no one is selling, and if no one is selling, then the market has lost all faith in the token. I guess we'll find out. I think that steem-engine gives us some valuable insight into what will come with SMTs. We will probably get a lot of valueless tokens. Maybe there will be some winners too?