You are viewing a single comment's thread from:
RE: Will the new SMTs help or hurt STEEM?
I think you got it all wrong...
STEEM is the gas just as similar as ethereum... Only there is no fee, which is better than ether...
the SMTs are TOKENS, not CURRENCY, you must understand the difference here, the currency is STEEM...
This should push steem to the moon...
Thanks - I am starting to understand slowly (and will probably write a post to help others who are confused as well).
But to be clear, STEEM is NOT gas, STEEM is equivalent to Ether. Gas is the transaction fee on Ethereum payable in Ether and as you mentioned there is no such equivalent fee for Steem transactions.
Exactly, steem is equivalent to ether...
People who want to launch a token will need to buy steem... Steem should be added to more exchanges as it have more use now...
Actually is a very clever move, basically these tokens are ICO for social media, these ICO have proven to work very well to increase ethereum price, so it should do the same for steem, at least thats the idea i guess...
The coming days and months are very exciting, we will find out how this will work out, and will witness the effects...
Please keep in mind, though, that a ‘convergence’ of forces from multiple variables drives price change. One of these forces is the ever-increasing supply of STEEM that people can elect to put on the market for sale. Yes, this SMT strategy should expand buyer-demand for STEEM; but the expansion will need to be very strong to ensure that the net result is a price increase.
Finally, there was remark earlier that the SMT’s might bring the utility of STEEM to a very low level. We should define “utility”, I think.
Seems to me like you opened a new account just to bring FUD into steem... Sorry mate, not taking serious your arguments or lack of...
I am really sorry, and I respect your viewpoint. Would it be great if we all sang from the same song book? (Yes, I know, I deserve to be totally ignored. Cheers!)
Come and comment from your old account... There must be a dark reason for you to hide in a new account, that totally blows your credibility mate...
Actually it would be great if people bring their different point of views and criticism over steem, but why hiding?...
This message is an offer of friendship from Elmer FUD, the one “who hides in dark places”. Market traders, and many investors who rely on perceived price dips or price spikes to help them with timing, need to be in a situation where Certainty, Fearlessness, and Freedom from Doubt are present only occasionally. Otherwise, their opportunities to trade would dry up, they would leave the market, and the market itself would become much less liquid. Hence, those of us who have “deliberately opened accounts in order to spread FUD” (according to certain interpreters of unstated intentions) might not be such bad people. For me, for example, “thanks loads to China's spreading FUD recently for giving me he chance to get into Bitcoin near $3,000!” (Yes, I am just pulling your legs. Okay?)
LOL... I also bought BTC at 3000... Hahahahahaha seems like a just pushed the right button on you LOL...
Come on, just comment with your real account, whats the point on creating a new account?, you dont want people to know what you really think?...
What does pulling your legs mean? sorry English is not my native language :D :D