RE: Steemhunt Initiates Account Based Voting Ranking System

[itstime]

Interesting ... I can see how it can lead to better sorting minus the fact that vote must be casted on the Steemhunt website , that is adding too much friction to the voting.

BTW...if we are moving in this direction , why would anyone still hold SP ?

Comments

[tabris]

Good question.

1. Holding SP is still the most effective way to get HUNT token bounty airdrops (delegation sponsor and voting contributions).
2. Once SMT launches and we build the HUNT token economy with ReviewHunt, companies would like to hold "Hunt Power" to attract more reviewers on their products
3. It's an arguable statements, but I believe holding tokens doesn't really help increasing the value of the token. On ABV (Account Based Voting) system, it's true that users has less motivation to stake their tokens (power up), but that doesn't mean there'll be more selling on the market (ppl sell tokens when they don't see the future). Also trading volume can be higher and exchanges prefer tokens with more trading volumes.

[itstime]

@tabris tks for reply , further to your points.

1. What incentive do the HUNT token issuers have to airdrop tokens to SP holders?
   Why wouldn't they just issue to all STEEM holders irrespective of SP proportion ?

2. Yes , that's correct , it will also depend on the conversion rate of STEEM Power to Hunt Power.

3. It is arguable , other currencies don't have a stake system so it isn't necessary that loosing SP as a concept will automatically mean sell-off but it will certainly make it more likely for a sell off to happen.

There was also an argument put forth by someone that any app running on STEEM blockchain may require SP ( owned or leased) to have adequate bandwidth to execute operations.