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RE: Change Steem Rewards? It's better to transition to a revenue model.

in #steem5 years ago (edited)

Anything that drives commercial activity outside of posting rewards helps Ted. SteemMonsters is one commercial initiative but there are others around.

Have you had a look at BetDice on EOS yet - this is what Steem misses. However I don't actually believe EOS to be a threat in the blockchain social media space - too expensive to transact. Users will need to invest $1,000 just to make 20 votes and comments a day.

SK.

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It's a really good point to raise. Where did you get the figures, though? Because I think they're wrong.

https://www.eosrp.io/#calc

The bandwidth needed for an upvote is small, and a person can issue 1 KB of bandwidth data to the chain at a cost of about 0.003 USD. I have found there is a lot of erroneous info out there about how EOS works. The ultimate test is when some other project goes live with an implementation, then we know for sure.

I have been experimenting Ted and can tell you that <50 EOS staked as CPU doesn't get you many transactions before you hit the red line. This is already $US250+ - more than most would be willing to stake. I can also tell you that prices fluctuate. I am sure the prices will all come down in time though. But it does keep the headstart we have here at Steem going - and once SMTs are here - that's it.... no more competition.

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