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RE: SteemFest Q&A: What Do You Want to Ask Ned?
Curious questions from a noob @ned:
- If replaced by SMT's, what will that do to the value of STEEM itself?
- Won't this crash the price?
- What will happen to our current SP staked?
- Will anyone have weighted votes?
The current stake-based voting system is broken and unsustainable, because Curators invest time and get back around 15-20% of their vote value, while vote sellers invest no time and get back around 70%-90% of their vote value.
I see SteemPower as the base resource everybody needs to be active on the Blockchain. There will be a SP Delegation market for all these resource-hungry DAPPs like SteemMonsters, so the more SP you hold, the higher the income from SP leasing.
@Ned, Should we be powering down and getting rid of our STEEM?