RE: Running Security Token on Polymath - is it a REVOLUTION? (tutorial included) by masterthematrix

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crypto · @masterthematrix · Dec 4 '18

Great analysis of the polymath STU creation process. But what does that mean for our Steem ecosystem? When most ICO will become STU how can Steem profit from this market? Should Steem related projects also think about KYC/AML and a more secured structure of there Tokensale?

Posted using [Partiko Android](https://steemit.com/@partiko-android)

👍 crypto.piotr, neavvy

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@crypto.piotr · Dec 8 '18

Hi @masterthematrix

Im not sure if we can see direct relation between STO and our Steem ecosystem. The only way I see that STO could benefit STEEM is related to trust. STO will bring more trust into this market and with trust there will be more money. So price of BTC will grow again, which naturally will reflect on price of Steem.

Would you agree?

Yours
Piotr

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@neavvy · Dec 8 '18 (edited)

You raised very interesting and problematic questions @masterthematrix. Probably the greatest minds in Steemit's managment are trying to solve this issue :)

I think that Steemit and related projects definitely should reorganize their structure and make Steem more secure and resistant to speculations, because fluctuations in spectrum from $0.25 to $7 are unacceptable. However, I am not sure if KYC/AML are the proper solution, becuse Steemit establishes community which cannot be limited only to big investors.

In my opinion something needs to be changed directly in the way that content is distributed and rewarded, because it currently doesn't seem to depend on its quality.

All the best,
Jan

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