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RE: No matter how high the price of STEEM, earning STEEM will be harder and harder in the future.
I agree with your assessment. That is what I see also. The number of people coming to the STEEM blockchain is diluting the daily reward pool. Couple that with entrepreneurs all seeking SP, and it gets difficult.
That is why SMTs are so exciting. There will be platforms on here that allow for blogging that reward people in the SMT. Of course, these are paired with STEEM so that is how people can earn STEEM without competing with the dapps.
Just to verify because I read about it but I'm not 100% sure.
Let's say Dlive had an SMT.
When I vote on content on dlive (and they only show payouts in SMT's), would my vote also give the person I vote for an underlying amount of STEEM as well as the SMT?
Sorry to cut in... but I believe this is all correct. Here’s a couple snippets from the white paper.
The following rules are applied to determine whether tokens are votable:
• STEEM is votable for every post.
• A token is votable for a post if it appears in the post’s votable_assets.
• Otherwise, the token is not votable for this post.
• At most two tokens may be specified in votable_assets. This means that each post is voted with at most three tokens (including STEEM).
Thanks, man!
No prob. Made me realize I need to re-read that paper! There is definitely more info & details than I remember from release... I wonder when it was last revised.
I'll do the same!