This will be a revolutionary step as one can create his own steem like crypto currency. But I have one doubt -if everyone will be able to create his/her own crypto-currency, will it not render those currencies unworthy because of hyper availability of those currencies? We know that any fiat currency has value due to the fact that only a single currency works in a particular country. If everyone is allowed to create will it not harm the very concept of cryptocurrencies? Please reply me so that I may remove my doubts.
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The more people create Steem like crypto currency the more the value of Steem will go up. We will only see growth from there. There’s no harm only gain.
Thanks @vaansteam