You are viewing a single comment's thread from:

RE: Red flash sales in this bearish market / picking the winners / American investing in EOS

in #blog7 years ago

All valid points. Well if steem is successful then as the block rewards go down, the price of Steem also goes up I would think. And then you would need less Steem as a reward and you would still make the same money.. and it's because it's decentralized, ran by lots of people and paid for by the blockchain.. so if you ran your Uber application through EOS, you would only need to buy enough eos to have the bandwidth your application requires and they would do all the rest. It would do confirmation, security, auditing, verification, Id naming.. so a blockchain Uber on EOS buys EOS, buy a website, plugs it in to the EOS blockchain and it handles the people asking for a ride the people picking them up, the payment between the two parties. So all the Uber has to do is take a tiny percentage. They don't need a corporate office, or CEOs. It can run itself as a contract between people, and since it could remove so much overhead, it could also charge less.. as a driver you would want it to be successful because you being paid in coins represented by it, as a customer you want it to do well because you it's the cheapest and maybe you bought coins to pay drivers. So in a sense you are both shareholders. The real shareholders are the ones who bought more coins than they need though.. this has been a good conversation. Sorry if I'm missing points you wanted me to address, I'm trying lol

Sort:  

Thanks for the explanation. That sounds very exciting about EOS. Can Steem do the same thing with its SMT?

Coin Marketplace

STEEM 0.20
TRX 0.14
JST 0.030
BTC 68168.17
ETH 3256.43
USDT 1.00
SBD 2.67