And how will all these communities or tribes, be they SMTs or SCOTs, get their value?
How will their tokens be traded for STEEM?
It's all going backwards - more centralisation, more profits for large stake-holders.... oh, hold on... so let's think "cui bono" (who profits?) How will whales profit most from shutting down the reward pool? That is the question.
Also, there are now ways to profit from investing in the blockchain without powering up SP - look at MAPR token, for example.
I guess they would get their value from the same place Steem is supposed to. From users, ads, founders, etc.
We already have one exchange and I've heard talk of more.
I don't see how tribes make the rich richer? Please explain.
Really? Look at who owns what, who earns what and how they got it. Fairly simple.
Now, if nobody (almost nobody) can earn directly from Steem's coin-creation, where will those new tokens go? Who will decide? Will make SPS look like a sideshow.
Look at who owns what...
Okay, I see people who bought a token or a tribe or both. It is open to everyone...
Who earns what....
Okay I see that name and brand recognition matter as does influence.
Some are selling tokens to buy Steem, but others are selling Steem to buy tokens.
I get your point I hear it as... Look who invested, they are going to earn more...
Well, yeah. If you buy 5 shares of Apple and I buy 10 and the price goes up, who is going to earn more?
Also, if I also work at apple... I will likely take a salary too.