RE: Vlog 443: With SMT's/Communities and RC pools in place. What will become the roll of the STEEM token?
I’m pretty amped for these 3 changes! I agree that Steem wont be needed as much as a front facing reward mechanism and business owners and communities wanting to leverage the chains abilities will be the biggest holders! It’s going to make Steem a much more useful and valuable token to have and we will see more of it bought and held to access RC pools which will be the driving force behind the actual value
I also see new business cases such as what we see with ETH tokens! We could see businesses like crypto backed fiat loans which i spoke about in my latest post
We could see more games being built ontop of it as I see now ETH isn’t the best token to use for high frequency movement of value and Steem will be very attractive to gaming developers who want to add a new layer of value and monetization of in game currency and items
It’s a pretty exciting time! I think those who are mining Steem now should consider holding it too there will be new opportunities to earn too as Steem becomes more scarce and delegation will be more popular and perhaps RC delegation too that could give you a form of passive income for supporting projects like we see with splinterlands
2020 will be a building year but 2021 I think will be a year we’re the business end needs to come in and start marketing the chain and getting developers and businesses to consider adopting it
I also think we should see dual chain work being done too with SMTs and scots it’s going to be pretty interesting to see how this community adopts and evolves over the next 2 years