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RE: When @ned goes on TV to talk about Steem...

in #steem7 years ago

Was it me or he wasn't well prepared? I mean, he mentioned in passing but failed to stress the most important aspect of steemit: the intrinsic value of having an influence inside the network, by holding vests ...

The fiat value of most cryptos is extremely volatile because it's not backed by anything else than supply and demand. With DPOS tokens, there's an additional incentive to hold tokens and not sell (aside from the hope that they will raise in value which is common to all of them).

And that is the ability of staked steem (SP / VESTS) to influence how the reward pool gets distributed. If I was there in front of those Bloomberg ladies this is what I would have stressed ... not the fact that is has speculative value ! Yes it has, but so have all the other cryptos ...

You want to emphasise the competitive advantage, @ned, what's special about steem, not what's common !

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