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RE: SMT’s and steem-engine tokens - Why I think its a waste of time

in #steem5 years ago

Tokens will make things easier in the long run. Each community will able to on boards users using their own token without the user knowing anything about STEEM. Tokens are easier to understand than multi-purpose STEEM.
STEEM can stay as the backbone architecture that only developers know about. Each front-end can do necessary the exchanges behind the scenes without the user knowing about STEEM Engine.

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This. This is the vision I've understood that Steem is going to be. It is complicated now, because we are on the developing phase of it. Onboarding will become easier. I think 3speak already uses a model where they "rent" a Steem account, so they have the custody of it, but once an account starts accumulating wealth (STEEM) the user has an option to take full control over the account. And starting to use 3speak is as simple as using email, Facebook or Twitter account.

Steem is the electricity that powers it all. Those people that own some Steem, will have an ownership of a small piece of that network. Like you said, eventually new people won't even know what Steem is. Maybe it works out, maybe it doesn't, but I'm willing to take the chance. But the existence of Steem Engine is already a step to that direction.

The greatest gains come when there's a great risk and uncertainty. It'll be a great ride – has already been – no matter which way it ends :)

NO token will run without the STEEM behind it...

you can earn hundreds of tokens when you dont have Staked STEEM you run out of Power and cant post , reply or what ever anywhere!

The app can stake the necessary STEEM for the user account operations, either by delegating it or depositing it to the users account without the user knowledge. What I meant you can run everything with STEEM being perfectly hidden from the user while they use a token.

if its run... for me every action i want to run with this wonky page is ending in a new errormessage... so please dont praise the unfinished thingy :D