What do you mean by removing upvote policy as well? Does that mean we do not have any voting for steem level? If it were the case, how do we distribute rewards?
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What do you mean by removing upvote policy as well? Does that mean we do not have any voting for steem level? If it were the case, how do we distribute rewards?
It means no STEEM reward pool, but SMTs only.
The STEEM "rewards" would only then be from witnesses and from inflation in our SP. Currently, we all gain 2.x% for having SP.
I see. Interesting idea.
Thank you for the info!
Each SMT/community could develop its own economic model, with upvotes (and rewards) or not, with downvotes (with or without reward reduction ) or not
The current economic model (let's call it "Steemit"), as we know it today, moves to its own community (with the same or updated economic parameters) or disappear