True, but look out our usage capacity right now...
We have a lot of runway for these things and they are the only way a content community could work. The current setup of one reward pool funding every community isn't likely to work.
You are viewing a single comment's thread from:
Blocktivity statistics don't tell the whole truth... What is important is the distribution level of the coins... In normal economy 90% of the currency is in possession of 10% of the total user base. In same manner, we should evaluate how much of the daily trading volume is by that same 10% of the users and how much of the new coins generated each day ends up to the same 10%.
The distribution level will be something each community/app can focus on. If they get it right, their token will do well, if they get it wrong, their coin will suffer. They can always adjust if needed. The important thing is that steem is the base coin with low inflation that benefits if any of the other apps/businesses built on top of it do well.
That pretty much implies Steemit itself would also need to have separate token or coin instead of using Steem Dollar or Steem... Maybe it will be Steem Power, maybe something completely new... The point is that the current system of having three separate tokens for one website is overkill.
Yes. That is exactly what I am saying. Steemit.com should absolutely have a different coin than steem. Steem is just the fabric that all apps are built upon. The steem coin gains value if/when other valuable applications are built on top of it.