You are viewing a single comment's thread from:

RE: What are community tokens trying to solve?

in #steem7 years ago (edited)

Steem inflation will drop, as more members will join in. When you start using SCTs then this solves scalling. Steem can still stay strong in price, will even get more expensive over time. While demand grows with new members being added faster and faster. Surely now the linear system has been set.

Now suppose more people from the country where I live, #Nederland, would join in. That could be tens of thousands, all wanting to post in their own language Nederish (Nederlands). So, we are slowly moving towards a #Nederish community using the #nl tag.

The competition for the Steem pre-filled reward pool, with relativel dropping inflation of minus 1% per year, will go up. Yet, for the Nederish language community it will become almost useless to hope for a part of the Steem reward pool.

In comes the Steem Community Tokens {SCT}, some will be made like they do now with ICOs going for gold digging... They will die out. Because they have no real use to them.

The Nederish community though decides to go for the Nederish Florin, #NFL, this will have its own Token inflation, its own reward pool and it can be traded on the internal market, at least. Now, this NL community starts to upvote for NFL Token, they send each other messages with NFL tokens and so on.

Already these communities are starting to form, think of that trending one for example: KR. Now imagine that they have their own Token. They already post in the Korean language, so why not their own SCT?

We are all still on Steem. All this will still be made possible thanks to the Steem blockchain technology. We are like the Steem humanity, all with our unique being and being equivalent at the same time.

Imagine what lively trading there will be on the internal market! Steem for NLF, NLF for SBD and SPORTS tokens for JAVABEANS. Which are a colab of coffeebean farmers that took matters in their own hands, thanks to Steem Community Tokens.

To me this is the next big thing, besides Steem going to 12$ before autumn of course (NOTE: that is my speculation.)

Steem Community Tokens will unite us even more, interact with each other even more. The danger is that it might become some kind of a cult though, but that is only a minor danger I guess.

So, I can hardly wait! And I believe it will also boost the market price of Steem beyond imagination...

(EDIT: text-corrections)