Viewing a response to: @dreamrafa/re-yabapmatt-will-the-new-smts-help-or-hurt-steem-20170929t185218408z
Thanks - I am starting to understand slowly (and will probably write a post to help others who are confused as well). But to be clear, STEEM is NOT gas, STEEM is equivalent to Ether. Gas is the transaction fee on Ethereum payable in Ether and as you mentioned there is no such equivalent fee for Steem transactions.
| author | yabapmatt |
|---|---|
| permlink | re-dreamrafa-re-yabapmatt-will-the-new-smts-help-or-hurt-steem-20170929t190334059z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
| created | 2017-09-29 19:03:33 |
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Exactly, steem is _equivalent_ to ether... People who want to launch a token will need to buy steem... Steem should be added to more exchanges as it have more use now... Actually is a very clever move, basically these tokens are ICO for social media, these ICO have proven to work very well to increase ethereum price, so it should do the same for steem, at least thats the idea i guess... The coming days and months are very exciting, we will find out how this will work out, and will witness the effects...
| author | dreamrafa |
|---|---|
| permlink | re-yabapmatt-re-dreamrafa-re-yabapmatt-will-the-new-smts-help-or-hurt-steem-20170929t191216750z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
| created | 2017-09-29 19:12:15 |
| last_update | 2017-09-29 19:12:15 |
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Please keep in mind, though, that a ‘convergence’ of forces from multiple variables drives price change. One of these forces is the ever-increasing supply of STEEM that people can elect to put on the market for sale. Yes, this SMT strategy should expand buyer-demand for STEEM; but the expansion will need to be very strong to ensure that the net result is a price increase. Finally, there was remark earlier that the SMT’s might bring the utility of STEEM to a very low level. We should define “utility”, I think.
| author | lestatisticien |
|---|---|
| permlink | re-dreamrafa-re-yabapmatt-re-dreamrafa-re-yabapmatt-will-the-new-smts-help-or-hurt-steem-20170929t235150952z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
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Seems to me like you opened a new account just to bring FUD into steem... Sorry mate, not taking serious your _arguments_ or lack of...
| author | dreamrafa |
|---|---|
| permlink | re-lestatisticien-re-dreamrafa-re-yabapmatt-re-dreamrafa-re-yabapmatt-will-the-new-smts-help-or-hurt-steem-20170930t001002946z |
| category | steem |
| json_metadata | {"tags":["steem"],"app":"steemit/0.1"} |
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