RE: Should We Power Up In Various Tribes Or Steem? Or Both?

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RE: Should We Power Up In Various Tribes Or Steem? Or Both?

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niallon11 in #ctp • 5 years ago

Steem is the basis for everything that happens on the chain. I'm powering up on pal and sports as well but neither of them has the same utility as steem will in the future.

I think that they can be a big opportunity in their own right in the future as people join the tribes rather than through steemit but at the end of the day any profit made will be through steem. It is what you need to operate on here and what all the tokens are traded against.

Future users might only earn fractions of steem and lots of engine tokens but the profit will be made by the steem holders. The other tokens will be more about utility than making money. Good for using the tribes and getting their benifits but will be traded back to steem if they want to spend it.

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5 years ago in #ctp by niallon11

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gadrian 5 years ago

I like how you're thinking.

Future users might only earn fractions of steem and lots of engine tokens but the profit will be made by the steem holders.

In the future, regular users might earn no STEEM at all. Only buy it.

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niallon11 5 years ago

Maybe. Depends on how many users we have. All I know is that I will be here to see it. Who knows what will be here in 5 years time.

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jongolson 5 years ago

It'll be interesting to see what the future brings. But I agree, Steem is the backbone to all this. And that's why I will always power up in Steem!

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niallon11 5 years ago

I hit my SP target for the year so now I will try to build up my steemmonsters deck even more and keep adding SP. I won't be selling any STEEM until we hit at least $5. Even then I won't touch my sp as that is the basis of everything going forward. Just keep powering up and growing.The more people that we can get into that mindset the better the price will be.

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jongolson 5 years ago

Urgh, the Steemmonsters stuff kills me...I feel like I missed out and have no idea how to catch up....That's why I'm just staking SPT lolol

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felipejoys 5 years ago

It is what you need to operate on here and what all the tokens are traded against.

This might hold no truth in the future.

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niallon11 5 years ago

Maybe not to trade against but you will still need SP or RC to do anything on here and with RC delegation coming in next it will be good to power up now while it's cheap. I never though I would get the chance to get to this level so it's great to do it while the prices are shit. I'm planning long term on here and don't worry about the price now.

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felipejoys 5 years ago

need SP or RC

It really might not be the case for the end user. Actually, I hope it won't be and I'm actively working towards that goal. Don't worry, though! SP and RC will still be crucial to everyone doing actual business in this blockchain, so if anything, your SP should be even more valuable when that time comes.

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