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RE: STEEM Economic Changes Update (@officialfuzzy's thoughts & concerns)

in #steem8 years ago

At the end of the day, blockchains are tools for supporting community interests. As part of the community, these proposed changes are Steemit's desires being expressed to the community.

It's not just that. It's also the goals of the investors that matter to a blockchain. With Steem (and previously BitShares) we do have a blockchain that distinguishes between how users use the platform (e.g. with Steemdollars, or simply by posting) and how investors use the platform (e.g. SteemPower). In Bitcoin, we can't distinguish those groups, but in Steem, we fortunately can. However, we learned that the pricing aspect also affects the users (euphoria and despair) further, we make regular users become investors by paying them SteemPower. Thus we don't necessarily have two distinct user/investor groups but rather a strange mix. Let's make sure we understand that something like this has not happened before (at least not to this extend).

That said, I like that the Steemit team is now actively approaching the difficulties we experienced. Looking for some fruitful discussion on Steemfest!