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RE: Steem: Getting Attention In Business Insider And A Crypto Fund

in #steemleo5 years ago

Another example of putting SCs on the base layer being a bad idea is VeChain. They developed a two-token system just so people would pay less fees. VTHOR is the gas token and you can either buy VTHOR or earn it for free by owning a masternode. They hoped that selling Thor Masternodes would prop up the price of the governance token (VET), but only so many people bought those nodes and when there was nobody left to buy, the price of the VET token predictably collapsed. So if your goal is to onboard big awesome MNCs and the like, you better keep it fee-less on the base layer. Nobody wants to pay a fee for every single transaction. That's just insane!