RE: What are community tokens trying to solve?
Thanks for your input
The community tokens will attract developers to build apps for the Steem ecosystem and the apps will attract more Steem users.
This is a valid use case but it is not solving anything as you could do it just as easily on bitshares ( like zappl did recently)
If the Ethereum model is followed, then the creation of Steem community tokes will require the spending/burning of Steem which will result in increased Steem scarcity and increased value.
@ned said that steem tokens could have their own reward pool, which means the creation and distribution of these tokens is going to be independant of steem. Each token will be able to function without steem and are not going to be backed by steem. Moreover people are going to trade these for BTC completely bypassing steem.
Honestly, I did not listen to the podcast.
If the community tokens are going to bypass Steem yet benefit from the Steem blockchain then that would not be fair to holders of Steem and that is not just me sucking up to whales. The Steem bypass would be a move to attract and appease developers.
Developers are most probably the most important netizens of the blockchain world at this time, but harming early investors in order to appease developers maybe sound business but is it fair?
Well, this is the Wild Wide West of finance and technology, and fairness is only determined by market forces. So I suggest diversification because you never now which project will screw you over.