Autofreak- layman language is this: buy enough steem to make a difference in your financial life if the price goes totally upside bananas but not enough to where it will downgrade your lifestyle if it goes to zero.
Lolzx. Nice layman summary.
I think that's about it @Autofreak.
Steem is going to the moon soon.
GPT is a concept to reward people adding value to the network further.
layman language: steemit inc wants to shape people's behavior on steemit.
i like ned and his claim that steem will be a basis for all kinds of SMTs overlapping each other. but if GPT becomes the main currency on steemit, steem prices will eventually go to 0.
the diagram suggests strong governance. it eliminates the incentives for any individual or corporation to take part in bringing SMTs to the mainstream. that means steemit will not scale. the general public will not take part in SMTs. someone else will start promoting decentralization on social media. that new coin will go to the moon.
there's gotta be a reason why @ned says there will be many SMTs. hopefully.
a 1000 SMTs would mean nothing if they were all worth 0. each must have a big enough pool and they must compete each other. it's one way to stop GPT from being the major currency and start functioning like regulations.
Autofreak- layman language is this: buy enough steem to make a difference in your financial life if the price goes totally upside bananas but not enough to where it will downgrade your lifestyle if it goes to zero.
Lolzx. Nice layman summary.
I think that's about it @Autofreak.
Steem is going to the moon soon.
GPT is a concept to reward people adding value to the network further.
Thanks:)
I like this kinda language:)
layman language: steemit inc wants to shape people's behavior on steemit.
i like ned and his claim that steem will be a basis for all kinds of SMTs overlapping each other. but if GPT becomes the main currency on steemit, steem prices will eventually go to 0.
the diagram suggests strong governance. it eliminates the incentives for any individual or corporation to take part in bringing SMTs to the mainstream. that means steemit will not scale. the general public will not take part in SMTs. someone else will start promoting decentralization on social media. that new coin will go to the moon.
i hope i'm wrong.
Me too. I hope you are wrong, and yet it does seem kinda obvious?
there's gotta be a reason why @ned says there will be many SMTs. hopefully.
a 1000 SMTs would mean nothing if they were all worth 0. each must have a big enough pool and they must compete each other. it's one way to stop GPT from being the major currency and start functioning like regulations.