RE: ENOUGH IS ENOUGH! Let's all step back and figure out what can be done to stop LOSING STEEM USERS

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RE: ENOUGH IS ENOUGH! Let's all step back and figure out what can be done to stop LOSING STEEM USERS

freebornangel (73)in Project HOPE • 5 years ago

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@whatsup, you heard him say stinc wants to end rewards for posting?

5 years ago in Project HOPE by freebornangel (73)

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whatsup (75) 5 years ago

I didn't see that. I've never heard anyone at SteemIt Inc say that, they are still talking about onboarding.

I've heard several of our whales suggest it though.

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blake.letras (54) 5 years ago (edited)

Here, let me show you where they suggested that Steem would try to move away from STEEM as the reward system:

Community-Based Value Standards

"The problem is that different communities have different ideas of value. Right now STEEM stakeholders (Steem Power holders) determine what has value on Steem. These are people who cared enough about Steem to invest their time, energy, and capital, into the platform. But these are not people who even claim to be good judges of beautiful art or mesmerizing poetry.

"It is tyrannical to force one community to conform to the standards of another, and it's even worse to force every community to conform to the standards of one community. So, it should come as no surprise that other online communities have not flocked to the Steem blockchain and steemit.com.

"That’s why Smart Media Tokens (SMTs) are so important. SMTs will give every community the ability to have their own token which it will use to reward the most valuable contributors based on their own standards.
For these users, the STEEM token will drift into the background. It will be something they might need to power up if they want to perform more activities in their favorite community, or purchase goods inside a game like SteemMonsters.

"It will be similar to Gas on Ethereum, except unlike Gas, you will not be paying a fee that you never get back. You will always be able to power down your STEEM and leave the ecosystem if you so choose. This is key to making Steem the best blockchain in the world for powering free-to-use applications."

Source:
https://steemit.com/smt/@steemitblog/part-3-of-our-plan-to-onboard-the-masses-smart-media-tokens

There is a lot of whale support for the removal of the PoB system for STEEM as well. The goal here is to make STEEM a low inflation cryptocurrency primarily used for RC generation/delegation purposes.

I look forward to this hardfork. :)

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freebornangel (73) 5 years ago

@ned said it a long time ago.
'How about we just do away with rewards entirely?'
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novacadian (58) 5 years ago

@ned who? 🤓

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