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RE: This is why STEEM will be the de facto base currency of the Internet
Steem is a flawed concept in that the reward pool is a wide open target. For Steem to become this "true currency", adopted by millions, they need to tighten up a multitude of areas of the reward process.
what if there were 1 million users with an upvote each worth 1 cent? that voted on a post. what would happen to that rewards pool?
If we just scaled linearly and there were 1 million active users, considering some estimates are around 30-50k users right now... let's be generous and guess the top end, that's only 20x the users to 1 mil, I am lol'ing at the idea of how much ram those servers would need to run the network.
No wonder Dan left at first place. LOL. Need to look at EOS.
EOS is a hard pass for me simply because of what will happen when people in the wider population find out who is involved in the project.