finally a well explained post about the bitcoin-bip-thing :) . Where can i find more info on the community tokens?
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finally a well explained post about the bitcoin-bip-thing :) . Where can i find more info on the community tokens?
Glad to know I was able to break it down a bit in understandable chuncks!
Steem Community Tokens.
In a post by Fyrstikken, Ned is a guest at Steemspeak. Exciting subject: Community Tokens: https://steemit.com/community-tokens/@fyrstikken/ned-scott-ceo-of-steemit-inc-have-a-40-minute-conversation-with-the-steemspeak-com-community
You can find more posts about Steem Community #Tokens {#SCT} using search.
My take on SCTs are very positive. As the Steem #community becomes bigger fast communities will form. And those will have sub-communities.
At some point Steem will become very scarse. Because the creation of new Steem is capped. While the amount of active members will expand. More high demand on the Steem being created. How to keep it going and make it even more fun?
Community Tokens to the resque!
They will be issued by demand. Having the same properties as Steem. Reward pool of its own. Upvotes in coffeebeans. Trade it on the decentralized internal market for Steem Backed Dollar or Florijn.
It will keep Steem scarse, inflation will still drop by half a percent per year. While the high demand, caused by more members coming in, for liquids for upvoting and so on will be solved by Steem Community Tokens.
For me there is even no other way, that I can think of, to scale the user base.
Hope I was able to clearify it some for you.