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RE: Can STEEM ever become a reserve currency?
Hello @paulag SMT's run on top of the STEEM blockchain which means there are no SMT witnesses.
Everything is processed and verified by the STEEM witnesses.
if this is the case, the steem witness servers will be very very busy and the current steem witness reward system will not cover the costs of the servers. I have so much to learn, thanks for the clarification
Indeed, this is my concern.
And i have just found the line in the whitepaper that states steemit witnesses will be respinsible
now I am on the same page. I'm actually reading the SMT whitepaper now