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RE: Scratching the surface to nothing
The first economic moves he has mentioned is decreasing the powerdown to 1-3 days and more rewards for witnesses.
This completely breaks the voting mechanisms of Steem due to the 5 day voting times.
Reason to do this is:
- bring in exchanges and Tron blockproducers as witness
- Stop all STEEM rewards on content
- use the SPS as a development fund voted on by witnesses
- Reward users in SMTs only
This might be great for Steem price. I hold my STEEM - do you and everyone else have theirs?
The tap is closing.
Hmmm, if that's ultimately the strategy, it not would be the worst idea actually. I've felt the rewards have been subject to experimentation anyway and the right balance has not been found. Since Steemfest 2017 I've considered SMT's as the ultimate playground to test different scenarios to discover what would work best.
It's been a long wait.
It has been considered and talked about for years, the content creators haven't been happy....
If that came to pass, I'd move my content creation (photography) elsewhere. Probably to a mainstream blogging platform. I'd post to large Facebook groups where some of my photography posts have already gained thousands of likes to drive traffic to my blog. Perhaps I'd set up an Instagram account, too, for the same purpose. I've had people approach me asking for permission to use my photos. If I kept at it, perhaps I could eventually monetize my work, that already includes thousands of photos published here.
Finnish language Quora has recently started to show my answers to tens of thousands of readers. I write about some topics I can't write on Steem at all because there are no people interested in the same topics here. But I'm done with working on platforms owned by Silicon Valley companies for free. After Steem, I just can't bring myself to do that any longer.
At first, SMTs not listed on any major exchange would be worthless. Perhaps I would bother to cross-post if it weren't too much trouble.
If a truly decentralized sister chain were established with a large majority of the Steem communities and apps, I'd be 100% on board with that.