I also upvoted and resteemed your post to my almost 10,000 followers , so hey loo k at me! bogdafrog over here playing 6d chess getting PAL and NEOXIAN on EOS and newdex, im first to have my steem engine token on EOS and newdex and will show steem the way with SPS order #66 sunsetting of steemit.com and redirecting all steemit traffic to steempeak to save steemit inc 500k a month in amazon bills and thus stop dumping steem
I also upvoted and resteemed your post to my almost 10,000 followers , so hey loo k at me!
Cheers for the support ackza 😂 I shall take a look at your blog now.
sunsetting of steemit.com and redirecting all steemit traffic to steempeak to save steemit inc 500k a month in amazon bills and thus stop dumping steem.
Well, I would be down with that for sure. I use busy simply for the vote, but I often view using steempeak, or edit as it's one of the most intuitive sites to use to access the steem blockchain. I stopped using steemit regularly the day that they allowed ad tracking on their site. One thing is for certain, the habitual selling of steem needs to stop! Anything that would stop that would be positive for the steem price in the short term at least.
im first to have my steem engine token on EOS and newdex
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
I would rather steem still served as reward token even if it would also be used for other projects. Though removing it from rewards would increase scarcity, it is the native token of the steem chain, lack of access to the average Joe on the platform is like denying a citizen of a country the right to own land. Doesn't sit well with me. The major thing should be that the smt are available on the chain to exchange for steem which can be used by any Dick and Harry to invest in any project of interest. Steem is our national currency. I am more interested in sbd which is supposedly dollar backed with steem but cannot seem to hold its own against the dollar. Is it going to be burnt or turned into an smt? Right now, I don't see its use besides rewards and that is not even regular. What are your thoughts @raj808
Is it going to be burnt or turned into an smt? Right now, I don't see its use besides rewards and that is not even regular. What are your thoughts.
As I understand it (it was a while ago when I researched the proposed SMT system), steem will be burned to create the SMT token, not SBD.
I agree that the unstable SBD peg to the dollar is a concern. It is one thing that makes steem simpler to understand when a new user lands. You see that half of the post rewards are in spendable money (SBD) and the other half in SP. I remember the pumps on SBD where it went up to multiple dollar levels, which just shows how unstable the peg is.
Ha ha, but I'm going off on a tangent. My thoughts on this one is that SBD does have utility in that it makes things easier to understand when it's stable.
Hmm. Because it would seem that if sbd serves as the reward for posting, steem can easily be removed from voting rewards and spent on or burnt for smt.
Because it would seem that if sbd serves as the reward for posting, steem can easily be removed from voting rewards.
I'm not sure I understand what you mean. How would the sbd rewards be generated without people voting using SP which is steem powered up?
Anyway, I personally think if the steem reward mechanism was forked out it would just be such a waste of all the time people have put in here. Essentially it would be like starting all over again with each community.
👍
~Smartsteem Curation Team
Thanks smartsteem 🙂
Posted using Partiko Android
I also upvoted and resteemed your post to my almost 10,000 followers , so hey loo k at me! bogdafrog over here playing 6d chess getting PAL and NEOXIAN on EOS and newdex, im first to have my steem engine token on EOS and newdex and will show steem the way with SPS order #66 sunsetting of steemit.com and redirecting all steemit traffic to steempeak to save steemit inc 500k a month in amazon bills and thus stop dumping steem
Cheers for the support ackza 😂 I shall take a look at your blog now.
Well, I would be down with that for sure. I use busy simply for the vote, but I often view using steempeak, or edit as it's one of the most intuitive sites to use to access the steem blockchain. I stopped using steemit regularly the day that they allowed ad tracking on their site. One thing is for certain, the habitual selling of steem needs to stop! Anything that would stop that would be positive for the steem price in the short term at least.
Interesting, I shall check that out.
Hello!
This post has been manually curated, resteemed
and gifted with some virtually delicious cake
from the @helpiecake curation team!
Much love to you from all of us at @helpie!
Keep up the great work!
Manually curated by @ashikstd.
@helpie is a Community Witness.
For more information about our project,
please visit this month’s UPDATE post.
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
I would rather steem still served as reward token even if it would also be used for other projects. Though removing it from rewards would increase scarcity, it is the native token of the steem chain, lack of access to the average Joe on the platform is like denying a citizen of a country the right to own land. Doesn't sit well with me. The major thing should be that the smt are available on the chain to exchange for steem which can be used by any Dick and Harry to invest in any project of interest. Steem is our national currency. I am more interested in sbd which is supposedly dollar backed with steem but cannot seem to hold its own against the dollar. Is it going to be burnt or turned into an smt? Right now, I don't see its use besides rewards and that is not even regular. What are your thoughts @raj808
As I understand it (it was a while ago when I researched the proposed SMT system), steem will be burned to create the SMT token, not SBD.
I agree that the unstable SBD peg to the dollar is a concern. It is one thing that makes steem simpler to understand when a new user lands. You see that half of the post rewards are in spendable money (SBD) and the other half in SP. I remember the pumps on SBD where it went up to multiple dollar levels, which just shows how unstable the peg is.
Ha ha, but I'm going off on a tangent. My thoughts on this one is that SBD does have utility in that it makes things easier to understand when it's stable.
Hmm. Because it would seem that if sbd serves as the reward for posting, steem can easily be removed from voting rewards and spent on or burnt for smt.
I'm not sure I understand what you mean. How would the sbd rewards be generated without people voting using SP which is steem powered up?
Anyway, I personally think if the steem reward mechanism was forked out it would just be such a waste of all the time people have put in here. Essentially it would be like starting all over again with each community.
Posted using Partiko Android
I always enjoy reading your perspective. and I feel like I have a better understanding of what’s to come.
Posted using Partiko iOS
Thanks Cindy 🙂
I'm glad that my post shed some light on what SMT's will mean for the future. Thanks for taking the time to drop a comment 👍
This post has been included in the latest edition of The Steem News - a compilation of the key news stories on the Steem blockchain.
Cheers pennsif. Much appreciated :)