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RE: Is Steem really going to the moon? || My take on SMTs and Good Person Tokens ||
One thing though. as far as I have understood, EOS token is working like steem, providing bandwidht from network. That means that any business launching a token on the block-chain needs to hodl steem power or EOS. This could make a situation where the price for the more popular platform could become too expensive.
well eos token swap hasn't happened yet, so we'll have to see how that plays out.
eos will have a much more general utility compared to steem, which is specific to steemit.com as in social media. eos is more like an os that allows developers to build dapps on top of it. theoretically somebody can create the exact same version of steemit on eos, but with a few upgrades.
i agree with you that if (a giant if) SMTs tokenize the world there will be incentives to hold steem power for the bandwidth. that incentive will be bigger than anything we've seen before, including bitcoin. but again, a giant if.
i'm not sure if i understand what you mean by platforms becoming too expensive. you mean coins like steem becoming too expensive? that's a good thing for the investors ain't it? 😃
WHEN EOS WAS ANNOUNCED, I just assumed STEEM would move to the "new more distributed EOS blockchain" and just set up shop on it? But of course, that would negate 51% CONTROL.. so there is no motivation for 1 person to do that ;-) ....
on the other hand there's people who are motivated to never allow anybody to have 51% including themselves. i think it's why so many people fell in love with blockchains in the first place. it's a huge motivation for those kinda devs to build stuff on top of eos.
I mean that the coin supply is limited and huge increase in demand for EOS could lead steem to be more appealing for devs because of starting costs and other way around.
if eos demand rises while steem price stays the same, that means buyers (including devs) have already picked eos as the better alternative. or more 'appealing'.
but again, bp voting and eos token swap hasn't happened yet. so who knows?
what's certain is that devs will not switch over simply because a coin might be cheaper. not unless it's undervalued. besides, as a developer, you don't necessarily have to own the coins to start developing.
You prob right. One thing to remember though is that whole crypto thing is not yet that widely adopted, and I believe we will have multiple of these different platform and so on. Once the adoption happens, I doubt anything is just going to die away with a snap of fingers, instead all could get a nice share. In addittion steem is still very powerful as currency and thus is not too likely to disappear in some time.
you're right. nothing will die in a snap. but consider what happened to yahoo, tumblr, snapchat, and a shit ton of other platforms that started losing its base once they were deemed uncool. the speed is scary. and it's only getting faster.
"once they were deemed uncoooooolll"
OUCH that hurts!
i'd hate to use the word UNCOOL. but there really is no other way to describe it. tumblr was fucked the day yahoo came in.
we see it time and time again. platforms lose their cool and never get it back. for steemit, a whitelist run by steemit inc could be that catalyst.
i mean verifications and behavior guidelines? yahoo is cooler than that.
I agree there will be multiple platforms. As a Communities Builder, I can reside on several platforms and just automate posting to all of them at the same time...
i don't have much of a choice. i have to upload on all platforms that give me the best chance. right now i still love steemit a lot. i'm too late on yt or fb or whatever. but there might be a day where i start posting on 2~3 new platforms that reward me in crypto. eventually most will die out and 1 will come out on top.