RE: Token Utility and How to Create a Successful Economy | LEO as a Medium of Exchange
A marketplace is the ideal sink for tribes. Imagine a homesteading tribe offering their creations out for people to buy, things such as soap, candles, and canned goods.
This is how I envision things unfolding as the new internet rolls out. I wrote a post a few weeks back (or maybe it was a video, I cant recall) that talking about Amazon being cooked. This sounds crazy until one thinks "what if each tribe I was active in had a marketplace that allowed me to purchase goods and services using their token? Thus, a large part of one's regular purchasing would be done on decentralized blockchains using currency earned by doing whatever the tribe does.
That is the key.
I think Steemit should have added a marketplace the first year. That would have set the stage for a much different path. Oh well, it is what it is.
Glad to see you are going to add one.
I have read other comments in the past stating that Steemit missed a serious trick not developing a marketplace. Hopefully LEO and other tokens can lead the way.
Yes it is not a novel idea.
They did drop the ball when there were over two hundred thousand active.
Oh well...time to start now.