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RE: Hard Fork 19: The Future Price of Steem

in #steem7 years ago

Nicely argumented.

I do hope we'll find some other way for cryptocurrencies, especially steem, to accrue value than criminal activities.
It's about time such things started to spring forth.

The few coins supposed to be used for video-games could be an answer, except I don't think the big makers are going to use them. They much prefer having a monopoly over their in-game currency than allowing people to potentially exchange them outside of their game, without their "consent". that could of course be solved if every exchange, no matter where, carried a tax on that kind of coin that went to the game maker, but that would be overly complex if the coin needs to work for more than a single game creator.

I believe you're right that people should adjust their voting percentage depending on the value they want to give to the author.

Of course, this is rather difficult for 2 reasons I can see:

  • newer user's will need to be taught the basics of Steemit before they even understand there is a way to change their voting percentage.

  • Voting Percentage isn't easily changeable for minnows, given that apparently the option to see the percentage people have voted on a post and be able to choose one's own percentage is only possible once you get a certain stake in Steemit (at least to my understanding).

The easiest fix I can think of would be for everyone to see an intuitive way of changing their voting percentage on a post. There'd need to be a default percentage one could set in the settings, and an easily visible way to adjust it before one votes. (Like a little blue bar under the vote button, where one could drag it back and forth to adjust voting strength).

but, really, the cryptocurrency world in it's globaility needs to create more use cases for crypto. it it's just "investment", "anonymous transactions (often illegal)" or "money laundering", I can perfectly understand that any person using crypto's would find themselves under immense scrutiny by their local governments. 2 out of 3 of those use-cases are completely illegal in most places, after all !

Just my 2 cents (Should I be saying miniSTEEMS ? XD)

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I agree completely. I believe that, in time, a couple of cryptocurrencies will begin to be widely accepted as payment methods by businesses (and it will unlikely be Bitcoin, as it is slow to confirm transactions - maybe LiteCoin). And a couple will gain momentum, because they will be perfect for laundering money (ZCash is through the roof, at the moment).

Btw, once Steemit allows you to adjust your upvoting power, you do get a little blue slider to choose the percentage (were you joking, or do you still not have this slider?). In fact, I've just noticed that the slider remembers the last used percentage for post upvotes and separately for comment upvotes. Today I've been sharing 30% on posts and 1% on comments quite easily, without any further adjustments.

Nope, still haven't seen the bar. do you know what the cutoff SP is to have it ?

I think you need to have 1 million vests of power. At the moment, you have around 300,000. Check out this link and see the information on the right.

And yes, I know that the alternative platforms like eSteem, Busy and chainBB allow one to change the voting percentage. but it's only an enforced choice on chainBB. eSteem only allows the change if you long-press the vote button... I discovered that by accident.

But this needs to be available on the default platform too.

There was some command line way to access the Steemit API - I think it was called Piston. But it's just as annoying, you have to copy paste urls to the command line to specify the voting percentage.