You are viewing a single comment's thread from:
RE: Looking forward to communities, back at socks
That's an interesting point. I'm contemplating an Adelaide token; but it raises the question; would we better off having an 'Australia' token, used by most/all of the Aussie communities?
I guess it depends on usage. I can start the Adelaide token, and the Adelaide crowd will use it; but there's no guarantee the rest of the country will want to use "my" token.
We may end up with competing broader currencies for Australia as a whole, and another niche token for each major city.
What might be better is to start large and filter down as required. I think it would be better to have an Australia token and have advocates for it in each major city. Once there are enough users, the decision to split further could be made and for example, pick up the Adelaide token by burning some of the Australia token. This should limit the dumping effect.
Still not sure I understand the relationship between Communities and SMTs.
Is an SMT tied to a community? Say I have Adelaide tokens, I like your post, and upvote; but it's not in the Adelaide community, do you get Adelaide tokens because I have some staked?
I think it will depend on the configuration of the token as to whether it distributes "off the community".