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RE: Part 3 of Our Plan to Onboard the Masses: Smart Media Tokens
This is the best proposal I've seen here in years.
By keeping small inflation STEEM holders pay for the privilege of liquidity, while SP holders get rewarded for staking.
The inflation for social incentives is then contained to each app/community, and they have to come up with innovative ways to balance it out (ie. ads, sales of goods etc.)
Yep, my thoughts as well. It sounds much more sustainable (and logical) than what we have right now.
Yup, I agree. Getting PoB tuned exactly right is pretty much impossible and it gets harder the larger and more diverse the community gets. IMO a more evolutionary approach is the only way to solve the problem; lots of coins, launched by lots of communities, experimenting with many different implementations of PoB in conjunction with varied business models. The best implementations are the ones that survive. We can then use those implementations to inform the design of the base token, but since that token will be tasked with aligning the incentives of such a large and diverse community, it will almost invariably function sub-optimally, in which case it would make sense to minimize the impact it would have on the economics of the system by reducing its inflation rate to the lowest possible level.
Yep.
I fel like with this + Steem-Engine + Scot + @roelandp 's STEEM DAPP wallet dapp explorer with STEEMWALLEt we can actually settle on a mass on-boarding tool, and get millions of new users and see healthy organic demand for steem to push the price up
Since when has STEEM stopped being a currency and is now demoted to "base token"?
The economy will always be sub-optimal as you are doing nothing at all to even look at the economic model with any seriousness or thought - more tweaking parameters and centralisation.
So, you're telling us that as your team has no idea how to create an economy v2, after some 3 years of experience, you are going to see if someone else can do a better job - except they only have the same tools to play with. Really?
Dropping STEEM's inflation rate is a very good idea. RC economics is the way to go long term.
so you basically offload the workload to your clients ... but in very nice words ... that's pretty smart, yes , if they fall for it :)
Well now, allow me to elaborate a bit on myself as the @rudyardcatling in me has neither the patience or RC to do so ...
Apart from how this sounds (ask not what you country can do for you etc ...), i think, once more you are gravely overestimating both will and ability of said masses towards the desired incentive.
Did you actually, any of you high level titans or steemit itself, actually look around in your own ecosystem here ?
You can count the real entrepreneurs on one or two hands ... There's a very few people running real business directly off of the steemchain like for instance your blocktrades and your Ultimatt the Unbeatable and a few others (but they still seem smart enough to run it in a way where revenue is not directly linked to the steemprice. Other than that you get the bulk posting dailies, small short posts, hoping for a hit, and you also get a lot of people with a fair to decent to a lot , amount of resources who just go about posting and talking about it
Hence, your lovely masses there ? if you draw the line and you are real about it , what you need is partnerships for PAID service and real investors with real money as five paid service partnerships and/or five investors with real money will net you tennex money compared to five million plankton-of-the-masses.
Look around and give it some thought please, the demo is right under your nose here on steemit.com, it's my sincere opinion that you gouge that all wrong, both will AND skill , and also
What will you do if the masses come and start posting like crazy as if this were facebook ? Put a handbrake on steemcleaners ? (lol) ... or maybe have walled-off communities with border-patrol-police who each fight their own holy-content war because bulk brings on average less quality but is much needed for the sales ... the numbers
I'm not mister negative, i'm mister real ... do consider what i say seriously for a moment, please @steemit @steemitblog
Really? @furion ¿no kidding?
@sepracore: I know you just wanted to see some discussion on this subject. And I certainly celebrate this initiative. I did read each and every comment along this post. However, after having done that. Now I can't help but wonder what religious beliefs you or @furion are both of you using to feed and nurture your faith perspectives.
By chance, from which devices are you both more devout?
From those born out of Hinduism? or from those born out of Jewish thinking? :)
This has been proposed many times by myself and others over the past year.