Viewing a response to: @marki99/marki99-re-sepracore-pw8qnv-20190814t200619272z
Steem will still need to be distributed because of the requirement of RCs to use the blockchain. How it gets distributed will need to change though. Honestly, the current method of distribution isn’t the best and with HF21 it is going to get focused on a few top authors anyway, which doesn’t exactly help the situation all that much. I could make an argument that Steem price stability is what will matter most to venders. A price that fluctuates up and down as much as Steem does is too risky for venders in my option. How do you know how to price items if the next day it drops 10%? Could you imagine if world currencies shifted like that day to day? Steem could be like the “global SMT reserve currency”. It will be trusted more than an individual SMT and therefore will be the currency of choice for traders and merchants, etc
| author | sepracore |
|---|---|
| permlink | pw95jp |
| category | smt |
| json_metadata | {"tags":["smt"],"app":"steemit/0.1"} |
| created | 2019-08-15 00:33:24 |
| last_update | 2019-08-15 00:33:24 |
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| author_reputation | 19,888,382,618,059 |
| root_title | "Part 3 of Our Plan to Onboard the Masses: Smart Media Tokens" |
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| max_accepted_payout | 1,000,000.000 HBD |
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Currency of choice for traders, maybe, for merchants, no. Steem will be hodled by companies who delegate RCs to users. This is the opposite of adoption. Price stability can be brought to the steem we already have by introducing price sinks, especially using advertising. When the platform is more successful, we can even have a 0% inflation model where the tokens that have been burned go into the reward pool. So there will be a redistribution of steem from advertisers to users, without any inflation. The solution to our is good sinks, not less inflation at the expense of what makes steem steem. Posted using [Partiko iOS](https://partiko.app/referral/marki99)
| author | marki99 |
|---|---|
| permlink | marki99-re-sepracore-pw95jp-20190815t051239698z |
| category | smt |
| json_metadata | {"app":"partiko","client":"ios"} |
| created | 2019-08-15 05:12:39 |
| last_update | 2019-08-15 05:12:39 |
| depth | 4 |
| children | 0 |
| last_payout | 2019-08-22 05:12:39 |
| cashout_time | 1969-12-31 23:59:59 |
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| author_reputation | 11,400,723,818,181 |
| root_title | "Part 3 of Our Plan to Onboard the Masses: Smart Media Tokens" |
| beneficiaries | [] |
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