RE: What I Really Think of Steem - Truth Talk

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RE: What I Really Think of Steem - Truth Talk

justineh in #freewrite • 5 years ago

What if it’s just the utility token and SMTs are rewards?

Curious of your honest thoughts.. as quite frankly I have high hopes for what Steem could be, but if things don’t change in that regard, we won’t get far.

And if the main concern of those running projects on this platform is who can take as much of the inflation as possible, not really sure what the point is.. so in my head having STEEM as utility and SMTs as rewards at least means they can just shit on their own token, and not everyone else’s too.. but I’m not sure what that would look like for STEEM either.

5 years ago in #freewrite by justineh

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oldtimer 5 years ago

Steem as dapp blockchain and steem token only as a utility token is the only option. SMT for rewards.
I can easily see this thing working. We're early in the game. You're making mistake not to try to get as many steem as possible. In five years no one will know or care how you got yours. Buy, earn, spam or even steal.
You'll either have them or not.

Oldtimer, Justine, Acidio, Bernie or Ned. We'll all be dust when big boys join the party.
If that ever happens. I definitely count on that but you never know.
Right now I would bet on 60/40.

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justineh 5 years ago

Yes you’re right, and I’m completely aware I don’t play the game well. But quite frankly I don’t want to.. I’ll let the others fight over the inflation and wank each other...

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oldtimer 5 years ago

You said it. It's a game not fight.
I rather upvote shitpost of the person who I know that will power up the rewards than so-called famous censored and demonetized YT crybabies who don't invest a single penny in the platform and immediately cash out the rewards. You're free to call that wanking if you want.
That's my stand, right or wrong.

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