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RE: SteemFest Q&A: What Do You Want to Ask Ned?

in #steemfest • 6 years ago

Curious questions from a noob @ned:

  1. If replaced by SMT's, what will that do to the value of STEEM itself?
  2. Won't this crash the price?
  3. What will happen to our current SP staked?
  4. Will anyone have weighted votes?
6 years ago in #steemfest by
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     6 years ago  

    The current stake-based voting system is broken and unsustainable, because Curators invest time and get back around 15-20% of their vote value, while vote sellers invest no time and get back around 70%-90% of their vote value.

    I see SteemPower as the base resource everybody needs to be active on the Blockchain. There will be a SP Delegation market for all these resource-hungry DAPPs like SteemMonsters, so the more SP you hold, the higher the income from SP leasing.

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     6 years ago  

    @Ned, Should we be powering down and getting rid of our STEEM?

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