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RE: Is Akasha a serious competition for Steem?
OK, so if they stick with ETH, please explain how they will be able to fund posting and curation rewards? Who will offer ETH to pay for it?
OK, so if they stick with ETH, please explain how they will be able to fund posting and curation rewards? Who will offer ETH to pay for it?
They will have to make investments. Like any other platform that come before them and Steemit. Steemit is novel and is a great platform. I am simply arguing on the economics of it. Would you work for Zimbabwean dollars inflating at 1000% a day or USD, inflating at 1% or deflating? Even if ETH keeps on going down in magnitude but it's value as compared to money is increasing, people will flock to it. I hope this is making sense? Ask more questions otherwise.