RE: Let's turn the Steem Price around
This is a very interesting question. What I struggle with is to see how these tribes add new value in economical terms. Before the tribes I got an upvote which was worth something in steem.
Now these tribes can give additional value to my posts but at the same time the value of the steem upvote has diminuished. When we consider these tribes, their token has often been created from scratch without any inner value. Then these tokens have been bought with steem. Instead of powering up steem, we now power up in these tokens.
At the end of the day we get a similar post value if we add steem and all the tokens together but there was no "new money" coming in. In a way the tokens have diluted steem.
What happens if people become aware of that? I think that some might realize that most tribes don't offer an added value and they might not want to invest into it anymore. They would probably start to sell them off but would they buy steem instead?
First of all, I apologize for not having a fluent english but i would like to ask a question. It has been requested from the Spanish-speaking community maintain the token of the tribe, it is suggested to make power up or stake, invest in it, but not sell them but, based on what you raise, would it be better to change to steem and invest in this last because it is the currency in which we continue to trust? What would be the suggestion based on your vision? Thank you very much.
Hi,
Thanks a lot for your comment. Your spanish-speaking community is right to ask not to sell and to stake the tribe coin. This is true for tribes but this is also true for steem. Before investing in any tribe, I would definitely make sure that I have steem power first.
Many thanks for your valuable response, grateful. Congratulations on its publication.