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RE: High Steem Inflation Helps Secure The Chain
Yea, I think that makes sense. I was on the fence with this. Wondering if we should switch to an SMT once they're released, but I guess that comes more from looking at it from a price perspective. When thinking about it from the perspective of securing the chain, what you're saying here should definitely be something we all take into consideration.
Steem has so much room to grow that I don't think the inflation will matter if we can get some real traction and with all the recent changes I think that's a real possibility. We'll see.
I don't think any swap from STEEM to a Tron token has any chance being done for a long time if ever. All of the functionality that Steem has should be replicated on Tron as smart contracts, which is no easy feat. Steem is rather complex. The only people who currently understand the code thoroughly are the Steem devs at Steemit, Inc. Tron smart contracts are coded in Solidity, the same language that is used on Ethereum. Because Solidity was created for Ethereum, it is not a common skill. Throwing more developers at it would not automatically help a great deal. No one would trade their STEEM for any utility token powering unproven vapor ware on Tron. I think the initial statements to that effect were mainly a brazen marketing stunt by Justin Sun.
That's what Dan likes to say. He thinks the inflation rate is irrelevant from a price point of view, within reason of course, meaning that it won't make difference whether it is 8%, 15% or 20%. I agree because during a bull run, small cap altcoins tend to shoot up by orders of magnitude at best in a very short time.
I think the communities are key. I don't think SMTs will make a difference any time soon. Users must be funneled directly into the communities.
By the way, I was reading Quora today when someone mentioned they'd be debunking certain myths all day long if they could monetize it. I chimed in telling that person that they could do that on Steem. I added a link to the new Steem app AltYes (or FullAlt or something) that makes it easy to cross post between social media platforms. My comment to that answer was deleted because it violated community norms or something. I've written close to a hundred answers as part of Dan's Quora Onboarding Initiative (this wasn't one of those) and I never received as much as a rap on the knuckles for posting links to my Steem posts. At some point, Dan instructed everyone to link to Steemian Roundup on Quora rather than to their posts. Does Quora have a problem with cross posting in general or was it the monetization advice that got that comment deleted?