RE: What do SMTs mean for POCKET?

[paul.atreides]

I like option #2. I think the SMT program is fantastic news for POCKET token holders. It is going to introduce Steemit and the concept of digital tokens to a much larger population. Millions of people are going to learn about Steemit with the SMT program being the gateway drug. The production of Steem doubles every 2nd year and every 3rd year the production increases by a factor of 10! Nations have printed dollars like this in the past and that leads people to use wheelbarrows to buy a loaf of bread. When Steemians finally figure out what this exponential production of Steem means for them they are going to start looking for something else on this platform that can function as a store of value and I believe that our limited supply of POCKET token will lead them to store their wealth in POCKET.

Comments

[onthewayout]

STEEM does not have that inflation rate anymore:

The rate that new tokens are generated was set to 9.5% per year starting in December 2016,and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5 years.

Source

[paul.atreides]

You are right and I was wrong. Thank you so much for setting the record straight. tip!

[tipu]

Hi @onthewayout! @paul.atreides is sending you 0.1 SBD tip and @tipU upvote :) @tipU - send tips by writing tip! in the comment, get share of the profit :)

[biophil]

If people start storing wealth in POCKET, I'll have to recommend some security upgrades.

[biophil]

pocketsend:[email protected]

[pocket-a]

Successful Send of 101
Sending Account: biophil
Receiving Account: paul.atreides
New sending account balance: 860765
New receiving account balance: 1001413
Fee: 1
Steem trxid: fdd6eb14c69bf77e32076d494af99ba832bc1aa7
Thanks for using POCKET! I am running this confirmer code.