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RE: Food For Thought: All Of These New Tokens Feel Counterproductive

in #tokens5 years ago

While I think that most are nonsense, they do serve an educational purpose and help people understand what is possible. At some point, the crap ones will drop away and the solution will concentrate. For now, people are playing with possibility.

Yes, we need millions of users but the Blockchain isn't quite ready for them. Soon it will be however as it will be able to scale more effectively and efficiently under load which has to be sorted before they arrive.

When it comes to tokenisation, what might be interesting with all of these is that there will likely be a way to collect them across apps and covert them to Steem through the markets. This could mean that apps could both empower users in their own way and still put pressure on the demand for steem.

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Good points. I was prompted to write this afters sitting in on a few MSP Waves shows where it's celebrated as such a great new thing with a bright future, but I think it's mainly spinning our wheels and creating a sense of accomplishment that is not quite directed in the right place at the moment. However, I'm not a developer and should keep my mouth shut without being able to build on this chain. It's cool and a proactive witness contribution, but just more of a bells and whistles thing instead of addressing a more critical need.

You should definitely keep your mouth open but remember there are many sides to it. The start of the internet was not 3D gaming :) When it comes to onboarding and retention, all of these activities are going to add up to create a host of compelling usecases for steem and blockchain as a whole.

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